Egypt | Egypt Oil & Gas - Part 349

Power Plants to Run 100% on Natural Gas

The Ministry of Petroleum and Mineral Resources informed the Electricity Ministry of the possibility to totally rely on natural gas to run power plants instead of using mazut.

Sisi: Egypt Aims to Become Europe’s Regional Energy Hub

President EL Sisi said that Egypt seeks to become a regional and global hub for energy generation, transmission, and distribution to Europe.

Petrojet Completes Construction of Zohr Facility

Petrojet completed the construction of deepwater subsea structures on Zohr gas field one month ahead of schedule.

IPR Proceeds with Exploration Program in Egypt

IPR Incorporation reported continued drilling success and a series of Western Desert and Nile Delta discoveries.

Singaporean FSRU Moves to Egyptian Port

BW Singapore FSRU has been relocated to the SUMED port in Egypt to continue its contract with EGAS.

MIDOR Increases Refining Capacity

Middle East Oil Refinery (MIDOR) raised its refining capacity by 109% in the 1st quarter of 2017 compared to the same period in 2016.

EBRD to Fund 9 Solar Plants

The European Bank for Reconstruction and Development (EBRD) will provide a $205m fund for 9 solar plants in Egypt.

UTEC Wins Contract at Zohr

UTEC will support Saipem at Zohr offshore project in Egypt.

Petroleum Ministry Settles $2.2b to IOCs

The Egyptian Ministry of Petroleum has paid total $2.2b to IOCs in 3 weeks.

Egypt Allocates Fuel Subsidies in 2017/2018 Budget

Egypt allocated EGP 145b for fuel subsidies in the budget of fiscal year 2017/2018.

Page 349 of 467

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