Egypt | Egypt Oil & Gas - Part 361
GUPCO to Invest $538m in FY 2017/2018
Gulf of Suez Petroleum Company (GUPCO) has allocated $538m investments in the new budget of fiscal year 2016/2017.
Media Production City to Consider Solar Energy
Egyptian Media Production City negotiated with the Arab Organization for Industrialization (AOI) in order to construct a 300KW solar power plant.
Elsewedy, NCC to Extend Electric Lines
Elsewedy Electric Company and the National Contracting Company (NCC) won an electricity tender to construct three electricity lines in Upper Egypt.
Pharaonic Petroleum to Invest $500m in Egypt
Pharaonic Petroleum Company board of directors estimated the new budget of fiscal year 2017/2018 to be $500m.
Firms Bid to Supply Smart Power Meters
The Egyptian Ministry of Electricity and Renewable Energy will announce the companies that have won the tender to supply 250,000 smart meters by the end of January
Egypt Saved 8,000MW of Power in 2016
Egypt had an extra 8,000MW in power reserves at the end of 2016.
EGPC Hedged USD on Weekly Basis
International oil companies (IOC) operating in Egypt pay contractors at an exchange rate that is set weekly by the Egyptian General Petroleum Corporation (EGPC).
Sino Tharwa Participated in Rig Rentals Tender
Egypt's Sino Tharwa bid in the tender that was launched by Saudi Arabian American Oil Company (ARAMCO) to rent out three drilling rigs.
