The Egyptian Electricity Transmission Company (EETC) signed a power purchase agreement (PPA) with Elsewedy Electric to develop, fund, establish, and operate a 50 Megawatt (MW) solar plant in Benban, Aswan, under t ...
Misr Petroleum Company increased its operations during fiscal year (FY) 2016/2017, adding 33 new fuel outlets, bringing its total number to 1336.
Petroleum Cooperative Society Company (COOP) witnessed a 10% increase in its profits for fiscal year (FY) 2016/2017.
The Egyptian Cabinet granted preliminary approval for the Egyptian Natural Petroleum Corporation (EGPC) to supervise the development of the Ras Fanar area.
Advanced Energy Systems (ADES Group) International Holding experienced an 11% drop in pretax profits during the first half of 2017 due to the costs associated with its initial public offering.
Net foreign direct investment (FDI) in the oil sector rose by 135% in fiscal year (FY) 2016/2017, according to the Central Bank of Egypt (CBE).
The International Energy Agency (IEA) increased its growth estimate for global oil demand in 2017 to 1.6 million barrels per day (b/d) from 1.5 million b/d.
Siemens has completed 90% of its three electricity-generating power plants in Egypt.
Petrojet completed its manufacturing and loading of offshore facilities for the deepwater Zohr field.
DEA Deutsche Erdoel AG named Maria Moraeus Hanssen as its new CEO and Chairman of the Management Board.
