Egypt | Egypt Oil & Gas - Part 328

Egypt’s Parliament Approves Loan Agreements

The Egyptian House of Representatives approved three funding agreement for various energy projects, with a combined value of $942m.

El Sisi: Egypt to End Its FX Exchange Problem

Egyptian President, Abdel Fattah El Sisi, stated that Egypt would end its dollar exchange rate problem, as the country can’t put off tough measures to revive the economy, while the UAE offer a $1b deposit to the Cent ...

El Molla: Egypt To Increase Oil,Gas Production

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated in a press release that Egypt is focusing on increasing the country’s strategic reserves and production in the oil and gas sector.

BESIX Orascom to Build $350m FSRU Pier in Ain Sukhna

Arab Petroleum Pipelines Company (SUMED) signed a contract with the Egyptian and Belgian consortium of BESIX-ORASCOM for the construction of a $350m pier and accompanying marine facilities in Ain Sukhna, in eastern E ...

Egypt’s PM Talks Expansion Plans with Apache

Egyptian Prime Minister, Sherif Ismail, met with the US oil and gas producer, Apache Corporation, to discuss the company’s plans to inject investments in Egypt during the coming period on new explorations.

Egypt Selects 4 Investment Banks for USD Bond Issuance

Egypt’s Ministry of Finance picked four banks to manage a dollar bond issuance, as the country plans to sell $3b to $5b in international bonds during the current fiscal year ending June 30 2017, with the first issuan ...

Moody’s Affirms Egypt’s B3 Rating

Moody’s Investor service affirmed Egypt’s long term and senior unsecured bond rating at a stable B3 in which credit risks face deep structural concerns such as weak government reserves, weak external payment position ...

Oil Minister Changes Management of Mineral Resources Firms

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla announced changes in the management of mineral resources firms, according to a press release.

Scatec Renegotiates PPA with Egypt

A group of developers, including Norway’s Scatec Solar, are renegotiating the terms of their power purchase agreements (PPA) with the Egyptian government in an effort to keep them on the existing timetable.

Kuwaiti Fund Lends $108m for Helwan Power Plant

The Energy and Environment committee to the Egyptian house of representatives approved a $108m loan from the Kuwaiti Fund for Arab Economic Development (KFAED) to fund South Helwan power plant project

Page 328 of 388

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