energy | Egypt Oil & Gas - Part 15
EGAS Decreases Gas Imports by 7%
The Egyptian Natural Gas Holding Company (EGAS) decreased the volume of imported gas by approximately 7%, to reach 650 mcfd compared to 700 mcfd in January.
Russia to Export Electricity to Azerbaijan, Iran
Azerbaijan, Iran, and Russia are collaborating together to establish an energy corridor, linking the three countries. The corridor will be used to export electricity from Russia to Azerbaijan and Iran.
EBRD’s Investments in Egypt Hit $2b
The European Bank for Reconstruction and Development (EBRD) has invested $2b in Egypt through 32 projects since 2012, according to EBRD Director, Philip ter Woort. Investments of the bank were primarily focused on en ...
African Development Bank Announces $12b for Energy Projects
The African Development Bank Group has unveiled what it calls a “New Deal on Energy for Africa” to develop energy projects worth $12b by 2025.
Sisi to Ink Deals with Japan in Energy, Health & Education
Coordination is underway between the two Egyptian and Japanese sides on projects that will be signed during President Abdel-Fattah El-Sisi's visit to Tokyo next month, informed sources told Al Mal.
Russian Business Delegation to Visit Egypt in Mid-January
A number of Russian firms will visit Egypt in mid-January to discuss investment in the fields of power, agriculture, tourism, and automotive.
Algeria and Germany to Develop Energy Partnership
Algiers and Berlin are to start mutual energy cooperation by boosting German energy investments in the northern African country.
Government Evaluating Standards for Entities Subject to Real Estate Tax
The Property Tax Authority is preparing a draft of the standards for evaluating entities which will be subject to a new real estate tax on tourist and energy establishments.
