Egypt | Egypt Oil & Gas - Part 434
Kuwait’s Alghanim signs MoUs Worth $1.6bn for Energy Projects in Egypt
Egypt has signed preliminary deals with Kuwait's privately-owned Alghanim International for two energy-related projects worth a total of $1.6bn.
Dana Gas to Ramp up Production in Egypt
Dana Gas is on track to produce 40 million cubic feet of gas from the Zora field in Sharjah and ramp up production in Egypt this year, the company’s chief executive said.
UN Aids Local Solar Manufacturing in Egypt
The UN Industrial Development Organization (UNIDO) has initiated a project to boost local solar manufacturing capacity in Egypt.
Egypt’s LNG Imports to Hit $3.55 bn
Egypt will import around $3.55 bn worth of liquefied natural gas (LNG) in the current financial year, EGPC says.
Petrojet Wins $185m Contract for Iraq Gas Project
Egypt’s state-owned Petrojet has been awarded a $185m contract to build the first gas-processing plant for Iraq’s Siba oilfield, operated by Kuwait Energy, reported Amwal al Ghad.
MIDOR Signs $1.4 bn Deal to Expand Refinery
Egypt’s state-run petroleum refinery MIDOR has signed two deals worth $1.4 billion with US-based engineering company UOP to raise its capacity.
Egypt’s Bond Rating Upgraded to B3
For the first time since 2012 credit ratings provider Moody's upgraded the Egyptian government's bond rating to B3.
Egypt to Export Gas by 2020
With all the news on Egypt's struggles to meet its own energy needs Prime Minister Ibrahim Mahlab announced that Egypt has a well-defined future energy strategy.
