gas | Egypt Oil & Gas - Part 26
Orascom Construction Strikes $420m Deal to Develop Power Plants
Orascom Construction announced signing agreements to convert Egypt's Assiut and West Damietta power plants from simple to combined cycle, an endeavor that is work $420m.
ISIS Bombed Egypt-Jordan Gas Pipeline
Ansar Beit Al Makdes, an ISIS affiliate, have bombed a main natural gas pipeline in Al Arish area in Egypt’s Sinai. The assailants placed explosive devices under the pipeline and activated them remotely, an action wh ...
Solb Misr Announces $64m in Losses
Egyptian steel company Solb Misr had losses of around EGP500m ($64m) in 2015, Chairman Gamal El Garhy said.
Indonesian Company to Sell its 75% in Gas Block in Mozambique
Indonesian oil mining firm, Energi Mega Persada A, said it would sell its 75% stake in the gas block in Buzi, in Central Mozambique, worth $96.25m to an unknown strategic investor in Africa.
Chinese Company Finishes Drilling Gas Appraisal Wells in Ethiopia
Chinese firm POLY-GCL Petroleum Group Holdings has finished drilling two appraisal wells in Ethiopia's southeast and will soon know the size of gas deposits there. Gas production may starts this year.
Egypt and Saudi Arabia to Meet January 5 to Discuss Investments
Egypt and Saudi Arabia will meet again on January 5th, as a part of the Egyptian-Saudi Coordination Committee, to discuss the details of $8b investments announced by King Salman Abdel Aziz in mid-December. The Saudi ...
Egypt’s Ministry of Petroleum Begins New Strategy
Egypt's Ministry of Petroleum has a new strategy for reducing imports, adding value to Egyptian products and making Egypt an energy hub in the Middle East, a source in the Ministry told Egypt Oil and Gas.
NBE and Gas Firm Reach $32m Debt Settlement
The National Bank of Egypt and an undisclosed gas company reached a $32m debt settlement agreement to be repaid over the next 8 years.
