Kenya Saved $493m on Petroleum Imports

• Wednesday, 28th September 2016
• by Egypt Oil & Gas

Kenya save more than $493m during the first half of 2016 on oil related imports due to low global petroleum prices, All Africa reported. In June, the east african country had spent about $915m on the year-to-date impo...

CBE: Banking Sector Fed In $33.7b to Cover State Needs

• Sunday, 12th June 2016
• by Egypt Oil & Gas

The Egyptian banking sector has provided approximately $33.7b to cover the needs of the state and importers requests for foreign exchange between November 2015 and end of April 2016, according to the Governor of the C...

Petroleum Expert: Fuel Imports Costs to Increase by 5% per Month

• Tuesday, 12th April 2016
• by Egypt Oil & Gas

As Egypt devalued its currency with the current exchange rate standing at EGP10.20 for $1, the price of fuel imports will increase by at least 5% per month, petroleum expert, Aziz Effat, told Egypt Oil&Gas. This w...

Scatec Solar Invests $600m, Sees Egypt as MENA Solar Hub

• Thursday, 19th November 2015
• by Egypt Oil & Gas

Scatec Solar, a leading solar energy provider, is planning to invest $600m on solar projects over two years in Egypt, reported Trade Arabia. The company has started recruiting people to work on the three projects in B...