Egypt | Egypt Oil & Gas - Part 338
EGPC to Pay Eni in EGP
EGPC has reached an agreement with Eni to pay the Rome-based multinational oil and gas company its $650m receivables in the Egyptian pounds.
EETC to Tender Egyptian-Saudi Electricity Project
The Egyptian-Saudi electricity linkage project lines and cables are set to be tendered towards the end of June by the Egyptian Electricity Transmission Company (EETC) and the Saudi Electricity Company.
Shell, Apache to Complete Apollonia Field Tests by June
Royal Dutch Shell will partner up with the American corporation Apache in the Apollonia field in the Western Desert to complete the initial tests required for gas production by end June.
Egypt to Divert Natural Gas Supplies from Industries
In an attempt to meet the increased demand from the electric power plants, Egypt will divert the natural gas supplies away from the industry in August.
Egypt Receives ‘B’ Rate with Stable Outlook
Fitch Ratings, one of the three biggest credit rating agencies in the world, has maintained its sovereign rating on Egypt at a ‘B’ with a Stable Outlook.
China’s Bank Ready to Finance Petroleum Projects in Egypt
After a meeting between the Minister of Petroleum and Mineral Resources, Tarek El Molla, and a delegation of China Development Bank (CDB), the bank expressed its readiness to finance petroleum Projects in Egypt.
Italian TerniEnergia Acquires $9.2m Solar Project
Italian energy company TerniaEnergia has secured an order worth approximately $9.2m for the construction of an industrial-scale solar power plant in Egypt with a total capacity of 47MW. The solar park will be constru ...
Vestas Plans to Install 2.2GW Wind Farm in Egypt
Denmark’s Vestas Wind Systems announced that it will present a request to install 2.2GW of wind capacity in Egypt, including a list of six financial institutions that will fund the projects. Six banks to finance the ...
