Banking Alliance to Provide EGP 2.3B for GPC Exploration
General Petroleum Company (GPC) signed an agreement with six banks for an EGP 2.3 billion loan to finance oil and gas exploration.
Egypt | Egypt Oil & Gas - Part 321
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Petrojet Maintains 2.5M Safe Working Hours in Sonker Terminal
Petrojet has completed 2.5 million work hours at the Sonker Terminal in Ain Sokhna without any accidents
Egyptian Crude Reserves at 2.4B Barrels
Egypt possesses 2.4 billion barrels of oil and condensate reserves as of October 2017.
GECF Appoints El Molla as Alternate President
The Ministerial Council of the Gas Exporting Countries Forum (GECF) appointed the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, as Alternate President of the Ministerial Meeting in 2018.
Cheiron to Partner in the Development of Mexican Oil Field
Egypt's Cheiron Holding Company won the right to partner with PEMEX, a Mexican company, to develop the Cardenas-Mora project in Mexico.
SDX Makes New Discovery in West Gharib Concession
SDX Energy Company has made a new oil discovery in the West Gharib Concession.
KarmSolar Inks PPA for 23.5 MW Solar Project
KarmSolar finalized a power purchase agreement (PPA) for two solar plants with subsidiaries of the Dakahlia Group
IFC to Invest up to $700M in Renewable Energy Projects
The International Finance Corporation (IFC) plans to invest approximately $700 million in renewable energy projects in Egypt during the current fiscal year.
EBRD, ICD to Provide $57 million for Solar Project
The European Bank of Reconstruction and Development (EBRD) will provide $28.5 million in financing for a solar plant in Aswan.
