Egypt | Egypt Oil & Gas - Part 423

Egypt’s Nuclear Reactor to Produce Power by 2024

Egypt is due to start producing power from its first of four nuclear reactors by 2024, the country's Prime Minister announced, Reuters reports.

Russia Furthers Egypt’s Nuclear Power and Suez Industrial Plans

Minister of Electricity Mohammed Shaker explained that nuclear power was a key facet in the government’s strategy to tackle the current energy crisis.

Aphrodite Gas Within Egypt’s Reach Thanks to BG Deal

The energy minister of Cyprus, Yiorgos Lakkotrypis, announced on Monday that a move by British oil and gas company BG International to buy a stake in Cyprus’ offshore mineral deposits was an important step forward fo ...

Egypt’s Dollar Shortage May Undermine Renewable Energy Projects

Egyptian solar-power developers are increasingly concerned by the state’s declining foreign currency reserves.

Egypt, Russia Finalize Nuclear Plant Deal

The Egyptian and Russian governments signed a final agreement to build a nuclear plant in Dabaa, Egypt on November 19th.

ADF Loan to Cover $500m Owed to Foreign Companies, Petroleum Ministry

An official source at the Ministry of Petroleum said that the ministry plans to repay $500m of Egypt’s dues to foreign partners by the end of 2015.

Tarek El-Molla to Attend Bahrain’s APICORP Energy Forum

His Excellency Tarek El-Molla, Minister of Petroleum and Mineral Resources, will attended the Arab Petroleum Investments Corporation’s (APICORP) Energy Forum held today in Bahrain.

Scatec Solar Invests $600m, Sees Egypt as MENA Solar Hub

Scatec Solar, a leading solar energy provider, is planning to invest $600m on solar projects over two years in Egypt.

Fears that Dana Gas Losses May Affect Egypt Investments

UAE-based Dana Gas announced a $7.6m loss in the third quarter of 2015. The company operates mostly in Egypt and Iraq.

Siemens to Receive €4.1b Loan for Egypt Project

German credit insurance agency Euler Hermes has agreed to underwrite a €4.1b loan to Egypt from a consortium of German banks in support of Siemens electricity production efforts in the country, Egypt Independent reports.

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