Egypt | Egypt Oil & Gas - Part 426
Tiba-Qena 4km Road Lit by Solar Energy
Minister of Housing Mostafa Madbouly announced the launch of the the first central solar energy plant lighting along 4km of the Tiba-Qena eastern desert road.
Egypt Foreign Reserves Fall to $19.5Bn
Egypt's foreign currency reserves edged down to $19.559 billion at the end of May from $20.5 billion the previous month, the central bank said on Sunday.
Egypt Secures 135 mcf of Gas for Expected Hike in Summer Electricity Demand
The ministers of petroleum and electricity agreed to pump approximately 135m cubic meters of gas, fuel oil and diesel daily for power stations over the following summer months.
Egypt Signs a $300m to Produce High-Octane Benzene
Egypt’s Petroleum Ministry signed a deal to set up a new project to produce high-octane benzene in Alexandria with investments worth some $300 million, it said in a Friday statement.
Promotions and Transfers within the Industry
The Ministry of Petroleum and Mineral Resources conducted a series of transfers and promotions for a number of exploration and operations managers for joint petroleum ventures.
BP to Pay $39m of Dana Gas’s Exploration Costs in Egypt
Dana Gas has signed an agreement for BP to pay for part of its exploration costs in the El Matriya onshore concession area in Egypt.
Circle Oil Attributes its Substantial Loss to Operations in Egypt, Oman
Circle Oil said it swung to a substantial pretax loss in 2014 after it booked impairments and write-offs related to its operations in Oman and Egypt and the fall in oil prices.
Nuclear Reactors to be Delivered to UAE as Regional Competition Heats Up
Westinghouse Electric opens Abu Dhabi office to work with Enec
