Egypt | Egypt Oil & Gas - Part 384
Al Nowais Asked for Guarantees on Dues
Emirate energy firm Al Nowais is currently negotiating with the Egyptian Ministry of Finance over sovereign guarantees in order to build its 2640MW capacity coal-fired power plant in Ain Mose in Sinai region.
SDX Extended S. Ramadan Drilling
The Egyptian General Petroleum Corporation (EGPC) has granted SDX Energy and PICO Petroleum preliminary approval to extend the drilling period in South Ramadan Concession located in the Gulf of Suez.
Egypt Spent EGP 14b in Fuel Subsidies
Egypt's petroleum subsidies reached EGP 14b in the first quarter of currently fiscal year 2016/2017, which started in July. This came as a result that Brent is trading at a higher price than the $40/b used in state b ...
Egypt to Launch Waste-to-Energy FiT
Egypt is planning to launch a Feed-in-Tariff (FiT) program for waste-to-energy projects within December as the cabinet's economic committee has completed its review of the program’s terms and conditions.
Egypt, China to Swap Currency
Egypt reached a currency swap agreement with China valued at $2.7b, brining Egypt closer to achieving the conditions required to receive a $12b loan from the International Monetary Fund (IMF).
South Delta Launched Solar Tender
South Delta Electricity Distribution Company launched a solar tender to construct 11 rooftop solar power plants. That the projects will have a capacity of 190KW and will use photovoltaic to transfer solar power into ...
Egypt to Boost Oil Output
Egypt plans to increase production of crude oil and condensates from 690,000bpd to 707,000bpd by the end of fiscal year 2016/2017.
Egypt, Iraq Talked Oil Relations
The Egyptian Minister of Petroleum, Tarek El Molla, visited Iraq and met with Iraqi officials led by the Iraqi Prime Minister, Haider al Abadi.
