Egypt | Egypt Oil & Gas - Part 328

Egypt to Invest $6.8B in Petrochemical Project

The Egyptian Ministry of Petroleum and Mineral Resources will invest $6.8 billion in an integrated production complex for petrochemicals.

Oil Spill Occurs North of Hurghada

An oil spill occurred in the Abu Galawa area, north of Hurghada.

Baker Hughes GE Signs Zohr Contract

Baker Hughes GE signed a contract with Belayim Petroleum Company (Petrobel) to conduct subsea services for the second phase of development at the Zohr natural gas field.

Banking Consortium to Fund Electricity Distribution Grid

The Egyptian Electricity Holding Company (EEHC) is negotiating a $100 million loan from a banking consortium,

Egypt to Establish Major Solar Plant in Minya

A number of local and foreign investors were awarded a mega solar energy project in Al Minya Governorate.

Egypt, China Sign Energy Contract

The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, signed an investment agreement with China to boost the capacity of the electricity local grid.

El Sisi Invites Putin to Al Dabaa Nuclear Ceremony

The Egyptian President, Abdel Fattah El Sisi, invited the Russian President, Vladimir Putin, to attend the ceremony held for the laying the foundation stone for Al Dabaa nuclear power plant.

Baker Hughes Mulls Investment Boost in Egypt

El Molla met with Baker Hughes' Vice President for Egypt and South Gulf, Ayman Khattab, and the company's General Manager, Sameh Hussein.

RASHPETCO, BAPETCO Report Production Gains

Rashid Petroleum Company/Burullus Gas Company (RASHPETCO) and Badr El Din Petroleum Company (BAPETCO) reported production increase for fiscal year (FY) 2016/2017.

WB, IFC to Provide $600M for Oil & Gas Projects

The World Bank and the International Finance Corporation will provide $600 million for oil and gas projects in Egypt.

Page 328 of 459

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