Egypt | Egypt Oil & Gas - Part 389
Egypt to Pay EGP 16b in Fuel Subsidies
Egypt's petroleum subsidies' bills will exceed EGP 16b in the second quarter of the current fiscal year 2016/2017.
Egypt Reviewed FiT Offers
The Ministry of Electricity and Renewable Energy reviewed offers from 9 firms seeking to participate in phase I of the energy purchasing Feed-in-Tariff (FiT) program with the German Consulting Office Fichtner.
Apache Produced at $4.5/b at Western Desert Area
US Apache's joint venture in Egypt, Khalda Petroleum, reduced the cost of oil produced from its concession located in the Egypt's Western Desert from $5 to $4.5 per barrel during the first quarter of fiscal 2016/2017.
Egypt’s PM Met with Shell
Egyptian Prime Minister, Sherif Ismail, met with Senior Shell Executive, Sami Iskander to discuss existing and potential opportunities in Egypt's oil and gas exploration.
Egypt Boosted Natural Gas Production
Egypt’s natural gas production increased from 4.35bcf/d to 4.45bcf/d in November
Egypt to Consume 6.5bcf/d of Gas
The Egyptian Natural Gas Holding Company (EGAS) estimated Egypt's local market gas demands to reach 6.5bcf/d within the summer of 2017.
Benha Electronics to Boost Solar Cells Production
Benha Electronics Company aims to increase solar cells manufacturing capacity from 50MW to 100MW starting 2017.
Kuwait Energy Seeks $100m for Egyptian Fields
Kuwait Energy Oil and Gas Exploration Company is currently planning to finalize a reserve-based lending (RBL) loan facility of up to $100m to fund Egypt's Abu Sennan, Area A, Burg El Arab and East Ras Qattara fields.
