Egypt | Egypt Oil & Gas - Part 414
Egypt Borrows Dollars to Pay International Oil Firms
Minister of Petroleum and Mineral Resources Tarek El Molla told Daily News Egypt that discussions are ongoing with the Ministry of International Cooperation to obtain part of their loan of dollars.
Egypt to Reduce Energy Subsidies to Under $8b in FY2016
The Egyptian government will reduce energy subsidies to less than $8b this fiscal year,
Egypt’s EGAS to Release Details of LNG Tenders Today
The Egyptian state-run corporation for natural gas—EGAS—plans to finalize the winning bidders for a tender of 45 LNG shipments, Reuters Petroleum Minister Meets IOCs About Oil and Gas Field Development
Tarek El Molla—Minister of Petroleum and Mineral Resources—held extensive meetings with a number of heads of Arab and foreign companies operating in Egypt including: Emirati Dana Gas, BG Group, Petronas, and Engie (r ...
Nostra Terra Acquires 50% of Transglobe Concession in Western Desert
A partnership between Nostra Terra and Independent Resources have announced the group’s first North Africa acquisition—a 50% stake in Transglobe’s East Ghazalat concession
ADIB and Banque Misr Partner for $105m EGPC Loan
Abu Dhabi Islamic Bank is spearheading an effort with Bank Misr to lend Egypt’s EGPC $105m.
44 Companies to Bid on Tender for 200MW Solar Plant
44 companies have obtained the tender conditions for the establishment of a 200MW solar power plant. The government has proposed the project in a build-own-operate (BOO) model.
Egypt Nuclear Program Wins International Accolades
The head of the Egyptian Council for Foreign Affairs (ECFA), Mohamed Ibrahim Shaker, announced that Egypt will begin establishing its first nuclear power plant in Dabaa within days
