Egypt | Egypt Oil & Gas - Part 389
Egypt, ACWA to Sign Power Plant Deal
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, met with representatives from Saudi ACWA Power to discuss Dairut power plant, with investments reaching about $2.1b.
Mostorod Refinery to Finalize in 2017
The Egyptian Refining Company will complete its refining project in Mostorod within the first quarter of 2017.
Egypt to Reimburse FiT Payments
The New and Renewable Energy Authority (NREA) will pay $750,000 to each company that withdrew from phase I of the energy purchasing Feed-in-Tariff (FiT) program.
Iraqi Boosted Oil Output by 5,600b/d
Kuwait Energy Plc announced that the company has brought Faihaa-2 well's production online. The well is situated in the Block 9 concession, in Basra , Southern Iraq.
Burullus Started Trial Power Production
A source with the Egyptian government stated that Germany's Siemens will start trails in Burullus power plant in late mid-October. Egyptian Ministry of Electricity will provide the power plant with 500KW from Abu Qir ...
Egypt to Make EETC Independent
The Egyptian Ministry of Electricity contracted EBS International to work on separating the Egyptian Electricity Transmission Company (EETC) to operate independently from the Egyptian Electricity Holding Company.
Egypt, Norway Talked Fuel Ventures
he Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Norwegian Ambassador to Egypt, Sten Arne Rosnes, and a delegation from Intsok Foundation.
Fuel Prices to Increase by 25%
Egypt will lift fuel subsidies and subsequently increase selling prices of petroleum derivatives by 20% to 25%.
