Egypt | Egypt Oil & Gas - Part 388
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.
OTMT-Lafarge Holcim Resumed Waste-to-Energy Study
OTMT-Lafarge Holcim consortium decided to complete the feasibility studies on a project that aims to produce waste-to-energy with investments of EGP 300m for the first phase.
Shell Appointed New Country Chair in Egypt
Royal Dutch Shell has appointed Eng. Gasser Hanter as the new Vice President Upstream, Country Chair and Managing Director for Shell Companies in Egypt.
EPS to Report Transformer Stations Status
The Egyptian Electricity Transmission Company (EETC) contracted with EPS Electric Power Systems Company to write reports on the construction status of four transformer stations.
5m Egyptians Applied for Fuel Smart Cards
The number of Egyptian citizens who applied for fuel smart cards reached 5m out of the 6.5m subsidy-beneficiaries estimated by the Egyptian Traffic Authority.
Banks to Loan $200m to EGPC
The Egyptian General Petroleum Corporation (EGPC) will sign a $200m loan agreement during with a banking consortium.
Eni to Finish Phase I of Gas Plant in 2017
Eni will complete the first phase of its gas treatment plant for Egypt's Zohr field's production by October 2017.
El Molla Met with Kuwaiti Ambassador
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, received Kuwaiti Ambassador to Cairo, Mohamed Saleh Al Zoewakh.
