Egypt | Egypt Oil & Gas - Part 323

Egypt Paid EGP 300,000 for Rooftop Solar Power

North Cairo Electricity Distribution Company will issue cheques amounting to EGP 300,000 for 15 entities contributing in the government's initiative to buy solar power from small plants atop buildings.

Local Firms Sue EGAS for Price Hikes

Delta Company for Fertilizers and Chemical Industries and Delta Steel filed lawsuits against the Egyptian Natural Gas Holding Co (EGAS) for increasing gas prices from $3 per 1m thermal units to $4.5.

Kuwait Waived $1.2b Claim Against Egypt

Bawabet Al Kuwait Holding Company officially waived it's claim against the Egyptian government in regarding gas supplies to AlexFert.

Aramco Stopped Oil Supplies to Egypt

Saudi Aramco has informed the Egyptian General Petroleum Corporation (EGPC) in early October of its inability to supply Egypt with shipments of petroleum products.

SDX Revealed South Disouq’s Seismic Results

SDX Energy Inc. revealed that the quality of the 115 sq.mile 3D seismic data acquired over the South Disouq concession surpassed expectations.

Egypt Paid $2.35b to Siemens

The Egyptian Ministry of Electricity paid $2.35b to Germany's Siemens for construction work in addition to providing turbines and equipment for Burullus power plant, Beni Suef Power Plant, and New Capital Power Plant.

Egypt Owes EGP 200b to EGPC

The Egyptian General Petroleum Corporation (EGPC) has EGP 200b unpaid dues from government ministries and state-owned institutions for providing them with petroleum products and derivatives.

Egypt to Reduce Fuel Subsidies

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt is studying every possible method including increasing prices in order to reduce fuel subsidy's expenditure in fiscal year 2 ...

Egypt to Lift Power Subsides by 2019

Sources with the Egyptian government stated that no budget was allocated for electricity subsidies in Egypt starting from fiscal year 2018/2019.

Shell Cut Burullus, Rasheed Investments

Royal Dutch Shell reduced its investments in Burullus and Rasheed gas fields to $158.9m for maintenance and operating expenses over the current fiscal year.

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