Egypt | Egypt Oil & Gas - Part 334
IOCs Increase Investments in Egypt by 22.7%
International oil companies (IOCs) increased their investments in Egypt to $8.1 billion during fiscal year (FY) 2016/2017, up 22.7% from the $6.6 billion invested in FY 2015/2016
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 ...
