Egypt | Egypt Oil & Gas - Part 357
National Drilling to Regularize Status in the EGX
National Drilling Company will meet financial regulators requirements in 6 months.
El Molla Issues New Promotion
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued a new promotion for Chairman of the Egyptian Company for Sport Services for Employees of the Petroleum Sector SAE (Petrosport).
99% of Dabaa Contracts Concluded
99% of the contracts necessary for the implementation of Al Dabaa nuclear plant have been agreed on.
El Molla Visits Khalda Petroleum’s Concessions
Tarek El Molla visited Khalda Petroleum's concessions in the Western Desert and pointed out measures taken to encourage international oil companies (IOCs) to boost investments in the country.
Banks Consortium to Finance Coal Power Plant
A consortium composed by nine banks will fund the establishment of a coal-fired power plant in Hamrawein.
Egypt to Cut Fuel Imports by 2019
Egypt plans to reduce fuel imports to about 10% of total consumption.
Oil Jumps as Arab Countries Cut Ties with Qatar
Oil jumps 1.5% as Egypt, Saudi Arabia, Bahrain and the United Arab Emirates effectively create a land and air blockade of Qatar.
Parliament Approves Guarantees for MIDOR and ASORC
The Egyptian Parliament approved the guarantees offered by the Ministry of Finance for MIDOR and ASORC's $2.6b fund.
