Egypt | Egypt Oil & Gas - Part 370
Eni Agrees to Sell 30% of Shorouk Concession to Rosneft
Italian Eni agreed to sell 30% stake in Egypt's Shorouk Concession to Russia's Rosneft.
Shell to Stop Gas Output in Rosetta Field
Royal Dutch Shell will halt gas production from Egypt's Rosetta field in Rashid concession, in July 2017. Shell will cease investments in the development while dues owed by the Egyptian government continue to accumu ...
Egypt Connected Matai to Natural Gas Grid
Egypt started pumping natural gas to Matai city in Minya, linking 14,000 households to the national gas grid as per country plans for 2016.
Egypt Estimates 5.3bcf/d Gas Consumption
The Egyptian Natural Gas Holding Company (EGAS) estimated Egypt's demand of gas to reach 5.3bcf/d.
Siemens to Add 1600MW to Egypt’s Power Grid
Germany's Siemens will add 1600MW to Egypt's national power grid during December through linking the production of four units in Beni Suef and Burullus power plants.
El Molla Paid Condolences
The Egyptian Minister of Petroleum, Tarek El Molla offers his condolences on the passing of El Rasolan Botros and Poles Church - El Botroseya's victims
Global, Local Banks to Fund FiT with $3b
30 international and local banks are interested to get in talks with renewable energy projects in order to finance phase II of the Feed-in-Tariff (FiT) projects with $3b.
Egypt, China Signed $2.6b Currency Swap Deal
Egypt and China signed a currency swap deal for $2.6b. This enables Egypt to increase foreign reserves after the EGP devaluation.
