Egypt | Egypt Oil & Gas - Part 331

Petroleum Subsidies Hike by 135% in FY 2016/2017 Budget

Egypt spent approximately EGP 120 billion on oil and gas subsidies during fiscal year (FY) 2016/2017 as a result of the flotation of its currency.

El Molla Meets with ACWA Power CEO

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the CEO of ACWA Power, Paddy Padmanathan, to review the company's energy and water-desalination projects in Egypt and the region.

ACWA Power to Build Solar Plants in Aswan Province

ACWA Power has agreed to build three solar photovoltaic power plants in Aswan Province.

Egypt to Upgrade ‘Smart’ Meters

Egypt will upgrade its smart electricity meters to enhance their security.

El Sisi Signs the New Gas Regulatory Law

Egyptian President Abd El Fattah El Sisi approved a new law today to govern the Egypt’s gas market.

Egypt, EBRD to Ink $60M Renewable Energy Deal

The Egyptian government is set to sign a $60-million agreement with the European Bank for Reconstruction and Development (EBRD) next week.

Electricity, Investment Ministries Sign Protocol for Dabaa

The Minister of Electricity and Renewable Energy, Mohamed Shaker, signed a protocol with the Minister of Investments and International Cooperation, Sahar Nasr, for two investments worth EGP 2 million to clear the lan ...

Egypt Exports $2.955B Worth of Crude Oil and Petroleum Products

Egypt exported approximately $2.955-billion worth of crude oil and petroleum products between July 2016 and March 2017.

Sales of 92-Octane Gasoline Fell by 10%

Egypt witnessed a 10% drop in the sale of 92-octane gasoline during July 2017.

Egypt Receives 129,000 Tons of LNG from Rosneft

Egypt has received 129,000 tons of liquefied natural gas (LNG) from Russia's Rosneft during the first half of 2017

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