Egypt | Egypt Oil & Gas - Part 356
Egypt to Set New Nuclear Construction Law
The Egyptian Parliament will discuss a new law of 19 articles to regulate nuclear plants construction in Egypt.
Egypt, Siemens Establish JV to Boost Oil Output
The Egyptian Electricity Holding and the Egyptian Maintenance Company for Petroleum Services will establish a joint venture with Germany's Siemens to increase oil production through boosting the number of generators ...
Scatec Solar to Invest $500m in Egypt
Egypt may receive Scatec Solar's $500m investment by October, and 40 solar power plants may be established by 2018 in Upper Egypt’s Benban village, in Aswan.
Banks Issued $6.34b Letters of Credit to Petroleum Imports
The Central Bank of Egypt (CBE) stated that the banks operating in the country issued letters of credit worth $6.34b for oil and gas imports during the period from January 2016 to December 2016.
Betchel Awarded Tahrir Petrochemicals Complex
Betchel Company was chosen to process work at the Tahrir Petrochemicals Complex located in Ain Sokhna.
EGAS Funded by 9 Banks
The Egyptian Natural Gas Holding Company (EGAS) will borrow a loan worth EGP 1.8b from nine Egyptian and Arab banks.
Egyptian Oil & Gas Taxes Estimated at EGP 44.17b
Egyptian oil and gas taxes were estimated to reach EGP 44.17b in the new budget of fiscal year 2017/2018.
Egypt Signs AFESD Funding Agreement for Solar Plant
The Egyptian Minister of Investments, Sahar Nasr, signed an Arab Fund for Economic and Social Development (AFESD) agreement worth $85m.
