Egypt | Egypt Oil & Gas - Part 354

EGAS to Borrow EGP 2b for Arrears Settlements

The Egyptian Natural Gas Holding Company (EGAS) addressed banks to borrow EGP 2b

El Molla in Talks with Norway over Energy Cooperation

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Norway's Deputy Minister of Petroleum and Energy and Norwegian delegation.

Electricity Ministry’s Debt to Oil Ministry Hit EGP 54b

The Ministry of Electricity's debt to the Ministry of Petroleum increased from EGP 1b in January 2017 to be EGP 54b by the 7th of February.

Finance Ministry Increases Cash Allocation to Oil Ministry

Egypt increased the Ministry of Petroleum's allocations from Finance Ministry to be $1b.

EGAS to Deliver Gas to 1.1m Consumers

EGAS plans to pump natural gas to 200,000 households by May 2017.

Egypt’s Estimated Investments at $8b

The Egyptian Ministry of Petroleum and Mineral Resources estimated investments of current fiscal year 2016/2017 at $$8b

Egypt’s Al Abyad Gas Fields Increased Production

Egypt increased production from Al Abyad fileds located in the Western Desert by 25mcf/d of natural gas.

Kuwait Doubles Crude Oil Storage in Egypt

Kuwait increased the monthly amounts of crude oil to be stored in Egypt to 4m b/m.

Electricity Ministry to Report Renewable Projects to Cabinet

The Egyptian Ministry of Electricity and Renewable Energy will present a detailed report to the cabinet explaining the situation of new and renewable energy projects.

Electricity Ministry Debts Hit EGP 90b

The Egyptian Ministry of Electricity and Renewable Energy's debts increased to EGP 90b

Page 354 of 456

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