Egypt | Egypt Oil & Gas - Part 400
Egypt Devalued The EGP
Egypt has devalued its currency by 48%. The devaluation pegged the Egyptian pound at 13 to the dollar, up from nearly nine on the official market
Egypt to Buy Oil from Iraq
The Egyptian Minister of Petroleum, Tarek El Molla, signed a memorandum of understanding (MoU) to import oil from Iraq. This agreement comes after Aramco halted its oil shipment to Egypt.
Sudan to Link to GERD Power Grid
Sudan is preparing to construct a power transmission line, which will have the capacity to transmit 3,000MW, from the Grand Ethiopian Renaissance Dam (GERD) to link Ethiopia and Sudan electricity networks.
Zarubezhneft Interested in Egypt’s Oil, Gas
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed possible oil and gas investments opportunities with a delegation from Russian state-owned energy company Zarubezhneft.
Siemens to Start Power Plant Trails
Siemens plans to complete trial runs for 11 units at its three Egyptian power plants located in Burullus, Beni Suef, and the New Capital by the end of November, early December.
Bapetco Brought 2 Wells Online
Badr El Din Petroleum Company's (Bapetco) brought two new wells in its fields in the Western Desert to Egypt's online. The wells have an accumulated capacity of 4500b/d of equivalent crude oil and gas.
Egypt Received $1.2b in Oil from Aramco
Since May 2016, Egypt has received oil cargos from Saudi Aramco worth $1.2b. Egypt received 700,000t of petrol every month for the last 4 months.
Egypt Drafted PPA for FiT Phase II
The Egyptian New and Renewable Energy Authority (NREA) along with the Egyptian Ministry of Finance completed drafting the Power Purchasing Agreement (PPA) for phase II of the energy purchase Feed-in-Tariff (FiT) pro ...
