House of Representatives | Egypt Oil & Gas

House of Representatives Approves SCZONE’s General Budget for FY 2022/23

The Egyptian House of Representatives approved The Suez Canal Economic Zone (SCZONE)'s general budget for fiscal year (FY) 2022/23 at a value of EGP 42 billion.

EGPC to Pay off EGP 214 billion Debts to MOF

The Egyptian General Petroleum Corporation (EGPC), conducted the first treaty with the Ministry of Finance at the end of March to pay off its debts of EGP 214 billion over three years.

House of Representatives Praise MoP Efforts in COVID-19

Egypt did not witness any shortages in petroleum products during the pandemic thanks to the plans and strategies of the Ministry of Petroleum and Mineral Resources (MoP), the Head of Energy and Environment Committ ...

SOPC to Receive $50 MM Loan for Energy Efficiency Improvement

House of Representatives approved a $50 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to improve the Suez Oil Processing Company's (SOPC) energy efficiency.

House of Representatives to Ask for Gas Price Reduction

The Industry and Energy Committee of the House of Representatives intends to ask the government to reduce natural gas prices for the energy-intensive factories.

House of Representatives Approves 11 Exploration Agreements

The Energy and Environment Committee of Egypt’s House of Representatives, Chaired by Talaat El Sewedy, approved 11 projects, delegating the Minister of Petroleum and Mineral Resources, Tarek El Molla, to explore f ...

House to Pass Mineral Wealth Law Amendments Soon

Amendments to the mineral wealth law are expected to be passed by the House of Representatives during its current session.

Cypriot House Ratifies Natural Gas Pipeline Agreement with Egypt

The Cypriot House of Representatives approved the agreement between Egypt and Cyprus to establish a natural gas subsea pipeline between the two countries.

Egypt to Reconsider Power Brackets

Egypt's House of Representatives' Energy Committee asked the Egyptian Ministry of Electricity to consider 250kWh consumption tier as limited income households.

Egypt’s Parliament Approves Loan Agreements

The Egyptian House of Representatives approved three funding agreement for various energy projects, with a combined value of $942m.

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