Egypt | Egypt Oil & Gas - Part 335
SOPC, NPC Report 28%, 20% Increases in Production
The Suez Oil Processing Company (SOPC), Nasr Petroleum Company (NPC), and Petroleum Pipelines Company (PPC) reported on their operations for fiscal year (FY) 2016/2017.
Diesel Consumption Falls by 8%
Diesel consumption has fallen by approximately 8% in 2017.
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.
