Royal Dutch Shell and UK's BP have submitted bids in a Egypt's petroleum tender with Shell bidding for the Western Desert concession, and BP for the Gulf of Suez.
The Egyptian Prime Minister, Sherif Ismail, announced that the launch of phase II of the solar power purchasing Feed-in Tariff (FiT) program will on the October 28th, at which date the new tariffs will be implemented.
The Egyptian Cabinet is considering the usage of coal usage a fuel alternative to natural gas in fertilizers and cement factories starting January 2017.