energy | Egypt Oil & Gas - Part 8

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.

Algeria Not to Exploit Shale Gas

Nigeria has enough quantities of other natural resources, which includes natural gas.

China’s GEIDC Aiming to Invest in Egypt

China's GEIDC will invest in Egypt's energy fields.

ERC Completes More than 92% of Main Project

ERC has completed more than 92% of its main project, noting that the company is one of the most important energy producers in Egypt.

Egypt’s Electric Production Capacity Estimated at 90GW from Renewables

Mohamed Shaker, said that Egypt has the capacity to produce 90GW of electricity from renewable resources.

Page 8 of 19

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