Egypt | Egypt Oil & Gas - Part 416
El Molla Reviewed Agiba’s Fiscal Results
Egyptian Minister of Petroleum, Tarek El Molla, headed a general assembly of Agiba Petroleum Company to review fiscal results for 2015/2016.
Frames Awarded Design, Supply Contract for Zohr Field
ENPPI and Belayim Petroleum Company (Petrobel) have contracted Dutch company, Frames, to design and supply eight sour gas filter coalescers and eight shell and tube heat exchangers to be installed at the El-Gamil Pla ...
Ministry of Petroleum Resolves Subsidy Debate
The Egyptian Ministry of Petroleum’s official spokesperson, Hamdy Abdel Aziz, said in a press release that there have been no final decisions in regards to lifting energy subsidies within three years.
Central Bank of Egypt Loans EGP 31b to National Banks
The Central Bank of Egypt (CBE) has provided a EGP 31b interest-free loan over 10 years to three major banks, including the National Bank of Egypt (NBE) getting EGP 5b, Banque Misr with EGP 16b, and Banque du Caire ...
Egypt, Russia to Finalize Dabaa Deal in 2016
Egyptian President, Abdel Fattah El Sisi, stated that final contracts for the Dabaa Nuclear Plant will be signed with Russia before the end of 2016, explaining that ongoing discussions are focused on the fine print.
Egypt’s Parliament Approves Loan Agreements
The Egyptian House of Representatives approved three funding agreement for various energy projects, with a combined value of $942m.
El Sisi: Egypt to End Its FX Exchange Problem
Egyptian President, Abdel Fattah El Sisi, stated that Egypt would end its dollar exchange rate problem, as the country can’t put off tough measures to revive the economy, while the UAE offer a $1b deposit to the Cent ... El Molla: Egypt To Increase Oil,Gas Production
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated in a press release that Egypt is focusing on increasing the country’s strategic reserves and production in the oil and gas sector.
