Egypt | Egypt Oil & Gas - Part 416
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.
China’s Bank Ready to Finance Petroleum Projects in Egypt
After a meeting between the Minister of Petroleum and Mineral Resources, Tarek El Molla, and a delegation of China Development Bank (CDB), the bank expressed its readiness to finance petroleum Projects in Egypt.
Italian TerniEnergia Acquires $9.2m Solar Project
Italian energy company TerniaEnergia has secured an order worth approximately $9.2m for the construction of an industrial-scale solar power plant in Egypt with a total capacity of 47MW. The solar park will be constru ...
Vestas Plans to Install 2.2GW Wind Farm in Egypt
Denmark’s Vestas Wind Systems announced that it will present a request to install 2.2GW of wind capacity in Egypt, including a list of six financial institutions that will fund the projects. Six banks to finance the ...
Shell, Apache Agree on Higher Gas Price
Shell and Apache have agreed with the Ministry of Petroleum on the price of the gas in the limestone layers at Apollonia field in the Western Desert. The new agreement decided on is for the price of $4.6 per 1m therm ...
Egypt’s Petroleum Products, Gas Consumption Rose
Egypt consumed about 73.36m tons of petroleum products and natural gas during the fiscal year (FY) 2014/2015, compared to 73.04m tons in FY 2013/2014, an increase of 0.43%, according to CAPMAS.
France Offers $75.8m Gas Grant to Egypt
The French Development Agency (AFD) has offered Egypt a $75.7m grant to finance a mega-project that aims to facilitate access to natural gas to 2.4m Egyptian households.
Qalaa’s New Oil Refinery to Cut Import Bill
Egyptian Qalaa Holdings is positive that its new mega refinery will reduce the country’s dependence on oil imports, according to what its Chairman, Ahmed Heikal, said in an interview.
