Egypt | Egypt Oil & Gas - Part 395
Egypt, Acwa Continue Talks on Power Plant
The Egyptian Ministry of Electricity is proceeding with negotiations with Saudi ACWA Power to establish an electricity power plant in Dairut.
Shell Sustains Its Investments in Egypt
Shell has sustained its investments in Egypt through the past period, and is currently in early stages of evaluating WDDM results for future exploration prospects.
Egypt Finalized FiT Phase II Arbitration
The Egyptian Cabinet has approved Paris as a seat for international arbitration in phase II of the energy purchasing Feed-in-Tariff (FiT) program.
Apache to Grow Investments in Egypt
US Apache is bidding for an exploration license in Egypt's Western Desert concession through its Egyptian joint venture company Khalda Petroleum.
Egypt Owes $3.6b in Oil, Gas Arrears
Egypt owes $3.6b in backdated arrears to international oil companies (IOC), as the country plans to drill 12 new wells during 2017.
Egypt to Cover Butane Demand
The Egyptian General Petroleum Corporation (EGPC) has enough butane reserves to cover 15 days of the local market demands.
Egypt Spends EGP 13b on Fuel Imports
Egypt imports bill for petroleum derivatives including benzene, diesel and mazut, as well as liquefied natural gas (LNG), has reached EGP 13b a month.
Egypt, Russia to Sign Dabaa Nuclear Agreement by End 2016
Egypt agreed with Russia to sign the final contract for the nuclear power plant Al Dabaa by the end of 2016. Moscow will grant Cairo a $25b loan to finance equipment for construction and operation of the plant.
