energy | Egypt Oil & Gas - Part 11

Egypt to Reach Natural Gas Surplus by April 2019

President Abdel Fattah El Sisi announced that Egypt will obtain a surplus of natural gas by April 2019.

Egypt, Cyprus, Greece Discuss Energy in Tripartite Meeting

The Egyptian foreign minister, Sameh Shoukry, has held talks with his Greek and Cypriot counterparts Nikos Kotzias and Nikos Christodoulidis regarding energy cooperation.

Egypt Determined to Complete Energy Reforms

The Egyptian government is determined to complete the energy subsidies’ reforms within the framework of the economic reform program agreed upon with the International Monetary Fund (IMF).

Egypt, France Sign Energy Agreement

Egypt and France signed four deals worth around $73.84 million in the fields of energy, healthcare, SMEs, and transportation.

EBRD to Issue $200 M Loan to SOPC

The loan is designated to finance a number of energy efficiency investments, as well as installations and refurbishments at the Suez refinery.

Morocco to Launch Natural Gas Project Worth $4.6 B

Morocco will launch a tender for companies to establish a $4.6 billion natural gas project with capacity of 2,700 MW.

Egypt Approves a $648 M Deal with EU

Egypt’s government approved signing three vital international agreements, including around $647.83 million deal with the European Union (EU).

Nasr: World Bank Financing of Energy Sector Hits $4B

The World Bank has provided the Egyptian energy sector with $4 billion in funding.

Turkey to Reach 11bcm Gas Storage Capacity by 2023

Turkey is aiming to boost its annual natural gas storage capacity to reach around 11 bcm by 2023.

Egypt’s Government Finalized the Energy Strategy

The total investments needed by the sectors of electricity and Petroleum until 2022 amount to $75b.

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