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