Egypt | Egypt Oil & Gas - Part 420

Petroleum Portfolio Expanding at National Bank of Egypt

A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE).

EGPC Calls on Cabinet to Approve Interest Payments

EGPC has addressed the Council of Ministers for the approval for interests payments worth EGP 2.7b on a loan guaranteed by the Ministry of Electricity, learned Al-Borsa.

EGAS Denies Jordan LNG Claims

In a talk with Al-Masry Al-Youm EGAS Chairman Khaled Abdel Badie strenuously denied news reports that Egypt was going to import LNG through the Jordanian port of Aqaba, reported Egypt Independent.

Egypt Signs $1.4b Saudi Aramco Deal

Egypt agreed a three-month oil products deal worth $1.4 billion with Saudi Arabia's state-owned Aramco to begin in September, Sherif Ismail told Reuters.

Egypt’s Gas Consumption Rises to 1,765 BCF

Vice Chairman for Operations & Natural Gas Grids told Egypt Oil & Gas (EOG) that natural gas local consumption increased during Fiscal Year 2014/2015, reaching 1,765 BCF (an average of 5,000 MMSCFD).

Independent Gas Regulator Plan Released for Egypt

Al-Borsa newspaper was able to get hold of the summary of the project for setting up an independent gas regulator in Egypt, put together by the European Union's Technical Assistance for the Reform of Energy Sector (T ...

Dana Gas Reports 85% Drop in Profit from Year Earlier

The UAE-based Dana Gas announced an 85% drop in profit compared to last year,

Egypt Launches Tenders for 500MW of Renewable Energy Projects

The Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) have announced three new tenders for renewable energy totaling 500MW,

Egypt Sees Highest Electricity Usage Ever

The Ministry of Electricity and Renewable Energy announced that it observed electricity consumption of over 29,000MW, the highest ever recorded,

UPDATE: BW Gas Finalizes Deal to Provide Egypt with Second FRSU

UPDATE: On Monday, EGAS Chairman Khaled Abdel Badie and BW Gas CEO Carsten Mortensen signed the contract for Egypt's second FRSU, the Cairo Post

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