Egypt | Egypt Oil & Gas - Part 440
Petroleum Ministry Owes EGP 100Bn to Finance Ministry
The debt of the Ministry of Petroleum to the Ministry of Finance has climbed to reach EGP 100bn. The main reason for that was the Ministry’s effort to pay accumulating arrears to foreign partners.
Egypt Receives $6bn from Saudi Arabia, UAE & Kuwait
Saudi Arabia, Kuwait and the United Arab Emirates deposited $6bn with Egypt's Central Bank, the bank's governor said, a sign that the gulf powers remain committed to propping up the Egyptian economy.
Egypt to Save EGP 1.5bn from Energy-Efficient Street Lighting
A project to replace 3.89 million street lamp bulbs with energy-efficient ones is expected to save Egypt EGP 1.5bn.
Egypt to Receive $500m Loan from World Bank to Expand Natural Gas Grid
Egyptian President Abdel-Fattah El-Sisi ratified a $500m loan agreement with the World Bank to fund the expansion of the national natural gas grid, where 1.5m households will be added to the grid.
BP Awards OneSubsea Contract for WND
OneSubsea, a Cameron and Schlumberger company, has been awarded a contract to supply subsea systems for the BP West Nile Delta Development (WND)’s Taurus Libra fields in Egypt.
Sisi Discusses Energy Rationalization with Petroleum, Electricity Minsiters
President Abdel Fattah al-Sisi discussed rationalising energy and reducing waste during a meeting with the electricity and petroleum ministers on Wednesday.
1 Million Energy-Saving Street Lighting Devices to Tackle Power Deficit
Dimian said the EGP 136 million price tag represent 25% of the value of the project’s first phase, which aims to supply and install 1 million devices. The project is set to reach approximately 3.98 million devices wi ...
AfDB mulls financing Solar Energy Project in Egypt
The African Development Bank Group (AfDB) is considering a US$50 million finance in favour of a solar energy project in Egypt, an AfDB source with knowledge of the mater told Amwal Al Ghad.
