Egypt | Egypt Oil & Gas - Part 373

FiT Investors to Bear Increased Construction Costs

The Egyptian Ministry of Electricity aims to increase costs sharing percentages associated with solar energy Feed-in-Tariff (FiT) by 30% after EGP devaluation.

Egypt Pushed Back Power Projects

The Egyptian government decided to postpone negotiations on five power projects for which it had signed memorandum of understandings (MoU) in Sharm El Sheikh in March 2015.

EEHC, NSPO to Review Smart Meter Bids

The Egyptian Electricity Holding Company (EEHC) and the National Service Products Organization (NSPO) will complete analysis of the offers presented by nine local and international firms tendered to the Ministry of ...

El Molla Reviewed Petrobel’s Nedoco Progress

Belayim Petroleum Company (Petrobel) finished testing its new wells Nedoco South West7 and Nedoco West 3. In addition, the company added Nedoco South West 2 to the national grid early November, with a capacity of 85m ...

Egypt to Issue Financial Guarantee for Wind Farm

The Egyptian Ministry of Finance approved issuing a financial guarantee for a new 250MW wind farm in the Gulf of Suez to be granted to a venture between Toyota, Orascom and GD France.

Egypt to Establish 4 New Electricity Firms

The Egyptian Electricity Holding Company's (EEHC) General Assembly approved establishing four companies with a total capital of EGP 180b.

Third FSRU Delayed until Further Notice

The Egyptian Minister of Petroleum, Tarek El Molla, announced the postponement of the third floating and storage regasification unit (FSRU) with a capacity of 750mcf/d of liquefied gas.

Shell Hosted Its Annual Technology Leadership Conference

Hundreds of Egypt’s top companies, academic institutions and entrepreneurs partnered with Shell Lubricants Egypt and energy experts to explore global sustainability innovations at the fifth annual Shell Technology Le ...

Egypt Seeks $30b in Oil, Gas Investments

Egypt seeks $30b in foreign investments within the next three years.

Egypt’s Refineries Are Operating at 79% Capacity

The Egyptian Minister of Petroleum, Tarek El Molla, stated that the ministry estimated the unused capacity of Egyptian refineries at 6.7mt/y of crude oil.

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