Egypt | Egypt Oil & Gas - Part 364
Shell to Finalize EDCO’s Loan Repayment
Royal Dutch Shell will completely repay the second tranche of its $2b EDCO liquefaction plant loan by December 2017.
EETC Secured $209m for Transmission Facilities
A banking consortium headed by BNP Paribas signed a funding agreement with the Egyptian Electricity Transmission Company (EETC) for six new power transmission stations.
EGAS to Pump Gas to 700,000 Households
The Egyptian Natural Gas Holding Company (EGAS) plans to deliver natural gas to between 500,000 and 700,000 households within the second half of fiscal year 2016/2017.
El Molla: Egypt to Witness Quantum Leap in Gas Output
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that 2017 will witness a quantum leap in Egypt's natural gas production.
Maintenance Started at Power Plants
The Egyptian Ministry of Electricity and Renewable Energy started maintaining electricity production units at five electricity production in preparation for summer 2017.
No Price Hikes with Fuel Smart Cards
The Egyptian Ministry of Petroleum and Mineral Resources confirmed that there will not be any fuel price hikes or volume capping with the trail run of the second phase of of fuel smart cards.
EGPC Launched Diesel Tenders
The Egyptian General Petroleum Corporation (EGPC) has launched two oil tenders to import 1.012m tons of diesel to be received in February and March 2017.
El Molla Chaired Energy Hub Meeting
The higher committee for transferring Egypt into a regional energy hub held its first meeting chaired by the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla.
