IOC Investments in Oil & Gas Rise to $10B
Investments in Egypt’s oil and gas sector by international oil companies (IOCs) rose to $10 billion during 2017.
Egypt | Egypt Oil & Gas - Part 326
Petrochemical Complex to Begin Production in 2021
The Egyptian Petrochemicals Holding Company (ECHEM) is constructing a $3 billion petrochemical and refining complex in the Suez Canal Economic Zone.
Egypt Signs PPA with Elsewedy Electric
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 Adds 33 Fuel Outlets
Misr Petroleum Company increased its operations during fiscal year (FY) 2016/2017, adding 33 new fuel outlets, bringing its total number to 1336.
COOP Profits Rise 10%
Petroleum Cooperative Society Company (COOP) witnessed a 10% increase in its profits for fiscal year (FY) 2016/2017.
EGPC to Supervise Development in Ras Fanar
The Egyptian Cabinet granted preliminary approval for the Egyptian Natural Petroleum Corporation (EGPC) to supervise the development of the Ras Fanar area.
ADES’ Profit Drops by 11%
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 FDI in the Oil Sector Rises 135%
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).
IEA Raises Projections for Oil Demand
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’ Power Plants in Egypt are 90% Complete
Siemens has completed 90% of its three electricity-generating power plants in Egypt.
