Egypt | Egypt Oil & Gas - Part 453

Egypt | Egypt Oil & Gas - Part 453

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.

BP to Start Investing in Egyptian Gas Project This Year Says CEO

British Petroleum (BP) will start investing in a gas project in Egypt’s Nile Delta this year, Sputnik News quoted Group CEO Robert Dudley as saying.

Egyptian and Italian Firms Coalescing Round New Solar Power Project

Misr Asset Management (MAM) is planning to inaugurate a solar power plant by end of 2015, at investment cost worth US$50 million.

Gamesa Grabs 220MW in Egypt

Spanish manufacturer Gamesa signed a deal for the construction of the 220MW Gulf of El Zayt wind farm on the Egyptian Red Sea coast.

Eni Achieves Record Production in Western Desert

Eni reached a record level of production of 70 thousand b/d in the Western Desert of Egypt, doubling its level of production in three years. Eni announced in a statement.

Indian’s Sanmar to Invest $350m in Egypt

Indian petrochemical giant Sanmar plans to invest $350m in the expansion of its Egypt plant Trust Chemical Industries (TCI) in Port Said, raising its total investment in the country to $1.45bn.

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