Egypt | Egypt Oil & Gas - Part 359
Zohr Field to Start Gas Production by End 2017
Russia'a Rosneft stated that gas production in Zohr field will start by the end of 2017. Zohr is considered to be the hugest natural gas field ever found in the Mediterranean Sea as it has estimated 850bcm of gas.
EIB to Fund Gulf of Suez Wind Farm
Egypt signed a funding contract with European Investment Bank (EIB) to finance wind farm in the Gulf of Suez.
El Molla Met with Edison CEO over Energy Development Talks
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Italian Edison Group's CEO, Marc Benayoun, in Italy.
Egypt to Repay Half IOCs Arrears
Egypt will repay half of its dues to international oil company during 2017.
EGPC in Talks to Borrow EGP 10b
The Egyptian General Petroleum Corporation (EGPC) is in talks to borrow an amount of EGP 10b from a CIB-led alliance. El Molla: “2020 is the year for Egypt to Export Gas”
Egyptian Minister of Petroleum and Mineral Resources stated that by 2020 Egypt will have gas surplus enough for exportation.
Schneider Electric Eyes Part in Egypt’s Nuclear Program
After its construction; France's Schneider Electric is aiming to be responsible for energy control and distribution in Egypt's Al Dabaa nuclear power plant by 2019.
Egypt to List 24% of Enppi in EGX
The Ministry of Petroleum and Mineral Resources will list 24% of the shares of Engineering for the Petroleum and Process Industries (Enppi) in the Egyptian Bourse.
