Egypt | Egypt Oil & Gas - Part 431

Sisi Ratifies New Budget, $8m Earmarked for Fuel Subsidies

Egypt's President Abdel Fattah El-Sisi on Thursday ratified the state budget for the fiscal year 2015/16 following amendments by the ministry of finance to slash projected budget deficit, according to Egyptian state TV.

IFC to Give $50m Loan to Egypt’s PICO

IFC, a member of the World Bank Group, is providing a $50 million loan to Cheiron Finance Limited, a subsidiary of Egypt’s PICO International Petroleum, in an effort to bolster energy supplies in the Arab World's mos ...

Unstable Gas Supplies Affect Ezz el Dekheila

Egypt steel producer Al-Ezz Dekheila Steel Company, owned by Ezz Steel, announced Monday it has registered EGP 116m in net losses in the first quarter (Q1) of 2015. The latest figures are down from the EGP 144m in ne ...

Global Alternative Energy Firms Flocking to Egypt

Some 10 global firms operating in alternative energy have put in requests to obtain licensing to run renewable energy projects in Egypt, the head of Electric Utility and Consumer Protection Regulatory Agency Dr. Hafe ...

PGS to Map Egypt’s Offshore Natural Gas Potential

Egypt signed on Thursday a deal with Norwegian seismic surveyor PGS company to carry out the largest seismic exploration project in Egypt's territorial waters in the Mediterranean Sea

EGAS: More LNG Shipments Due, Import Bill Estimated at $2.25bn Only

BP starts supplying 18 liquefied gas shipments to Egypt next month

Shell Egypt Executive Outlines Production Plans for Gas, Oil and Shale

Egypt has been facing a continuous dwindling in natural gas production since 2012, which led the government to import liquefied gas shipments to fill its needs.

Egypt’s $100 Mn Africa50 Investments Cover Regional Energy Projects

Egypt has approved to invest US$100 mn to Africa50 Infrastructure Fund’s equity capital

Update: Joint Stock Power Companies May Be Listed on EGX

Company would own and manage projects to add electricity units, says government statement

Negotiations Over Petroleum Derivative Imports with UAE, Kuwait, Saudi

The Egyptian government is currently involved in negotiations with Emirates to sign a new agreement to secure the needs of local market of petroleum derivatives during the second half of the current year

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