Egypt | Egypt Oil & Gas - Part 391
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.
Siemens Added 400MW to Egypt’s Power Grid
German Siemens started running first production unit at its Beni Suef power plant with capacity of 400MW.
ACWA to Build 2250MW Power Plant in Dairut
The Egyptian Ministry of Electricity is moving forward with ongoing negotiations with Saudi’s ACWA Power to build power plant in Dairut, at a capacity 2250MW.
Russian Official: Dabaa Agreement in 2016
Egypt will finalize the Dabaa nuclear power plant and finalize the agreement in 2016.
Egypt to Revoke Gas Rate Cuts or Iron, Steel
The Egyptian Government backed from its decision to cut the gas prices for iron and steel factories from $7 per 1m British Thermal Units (BTU) to $4.5 per 1mBTU.
EGAS Awarded 2017 LNG Import Deals
The Egyptian Natural Gas Holding Company (EGAS) awarded liquefied natural gas (LNG) import contracts to Glencore, Trafigura, BB Energy, Gunvor and Vitol.
Eni to Sell More Stakes in Zohr
Italian Eni is currently in talks with various parties in order to cut its stake in Egypt's Zohr field to 50% operating interest instead of owning the entire stakes in the concession that includes Zohr.
