Egypt | Egypt Oil & Gas - Part 404
EFG Hermes Closes $618m European Wind Farm Deal
Egypt’s leading investment bank, EFG Hermes, has announced that its renewable energy platform, Vortex, has acquired a 49% stakes in an operational 664 MW portfolio of 23 wind farms in Europe, from the Madrid-based, E ...
Egypt Ships its Second LNG Cargo Heading to Japan
Egypt, the country which was a net LNG exporter from 2005 until 2014 and then turned into one of the world’s newest major LNG importers due to its economic instability, is now back at exporting the fuel again.
Shell’s Gas Production in Egypt Increases
Royal Dutch Shell’s natural gas production from Egypt’s Burullus and Rosetta concessions has increased to 686 mcf/d from 640 mcf/d in late 2015.
EGPC to Pay Eni in EGP
EGPC has reached an agreement with Eni to pay the Rome-based multinational oil and gas company its $650m receivables in the Egyptian pounds.
EETC to Tender Egyptian-Saudi Electricity Project
The Egyptian-Saudi electricity linkage project lines and cables are set to be tendered towards the end of June by the Egyptian Electricity Transmission Company (EETC) and the Saudi Electricity Company.
Shell, Apache to Complete Apollonia Field Tests by June
Royal Dutch Shell will partner up with the American corporation Apache in the Apollonia field in the Western Desert to complete the initial tests required for gas production by end June.
Egypt to Divert Natural Gas Supplies from Industries
In an attempt to meet the increased demand from the electric power plants, Egypt will divert the natural gas supplies away from the industry in August.
Egypt Receives ‘B’ Rate with Stable Outlook
Fitch Ratings, one of the three biggest credit rating agencies in the world, has maintained its sovereign rating on Egypt at a ‘B’ with a Stable Outlook.
