Egypt | Egypt Oil & Gas - Part 410
Electricity Ministry Seeks to Achieve 25% Energy Surplus
The Minister of Electricity and Renewable Energy, Mohamed Shaker, said that the energy sector seeks to achieve an electricity surplus of up to 25% in the coming summer period with high demand in order to avoid any bl ...
Israel to Unblock Leviathan Gas Exports to Egypt
Israel will soon submit a proposal to Noble Energy Inc. and Delek Group Ltd. in order to unblock stalled development of the Leviathan natural gas field and allow exports to Egypt and Turkey, country's Energy Minister ...
Eni: Egypt’s Noras Field Reveals Large Gas Reserves
Italy's giant Eni has conducted two exploration expeditions in the Noras field in the shallow waters of the Nile Delta, and the Zohr field in the deep waters of the Mediterranean Sea, Eni's Chief Exploration Officer, ...
Eni to Double Zohr Gas Production to 2bcf/d by 2019
The Italian company Eni has started linking the extracted gas from Zohr field to the national grid in order for production to reach 1bcf/d by 2018 and to double to 2bcf/d by the end 2019, said a senior official at th ...
Siemens to Establish Power Plant Maintenance Company
The German company Siemens stated that they will establish a $68.2b power plant maintenance company in Egypt at the end of 2016.
Egypt’s Average Gas Production Sees Declines
Egypt's Oil Ministry has published a report stating that country’s average production of natural gas declined to 3.8bcf/d in 2016, down from 4.4bcf/d in 2015.
Egypt’s EFG Hermes Mulls Renewables Investments Rise
Egypt-based investment bank EFG Hermes is planning to increase the investments it manages in renewable energy from the current $831m to between $1.7 and $2.3b in the next two years.
Assiut Oil Refinery Seeking EGP 750m for Restructuring
Assiut Oil Refinery has addressed banks to obtain a loan worth EGP 750m to finance its restructuring plan and increase production capacity.
