investment | Egypt Oil & Gas - Part 13

Metropolitan Egypt, Infinity Energy Sign Contract at EGP 10m

Metropolitan Egypt for Consulting has contracted with Infinity Energy Systems to collect financing worth EGP 10m to establish a solar energy plant in Aswan.

EBRD to Finance Five FiT Projects in The Second Phase

EBRD is currently studying to finance five projects in the second phase of the Feed in Tariff (FiT) projects starting from the second half of 2017.

Algeria to Invest $50b in Oil & Gas

Algeria's hydrocarbon company Sonatrach will invest more than $50b from 2017 to 2021 in exploration projects and production, from which $9b will be directed to new deposits of oil and natural gas, and $40b to the dev ...

Solar Power Companies Consider Exiting FiT

Seven solar power companies that signed on projects under the terms of the second phase of the feed-in tariff (FiT) program are reportedly considering backing out due to the rising costs.

MENA Energy Investments Could Reach $1t by 2021

Energy and power projects totaling $622b in MENA and Iran could materialize by 2021 depending on oil prices, creditworthiness of countries and geopolitics. Fully committed projects worth as much as $337b are already ...

Spain to Invest in Egypt’s Solar Energy Sector

Spain is planning to pump new investments into Egypt to produce solar cells in the coming period, Egyptian Minister of Trade Tarek Qabil announced.

El Molla Meets with Korean Ambassador in Egypt

Tarek El Molla, met with South Korean Ambassador to Egypt, Yoon Soon Gu to review the activities of Korean oil and gas companies.

Sasol Aims to Produce Oil in Mozambique in 2-3 Years

Petrochemicals group Sasol has found oil in wells off Mozambique and aims to bring the fossil fuel to production for the first time in the southern African nation.

El Molla Meets with Chinese Delegation over Projects Development

Tarek El Molla, met with Industrial and Commercial Bank of China ( ICBC) delegation headed by Evy Tsai, the General Manager of ICBC’s Africa Branch.

UAE: Arab Energy Companies to Inject Investments in Egypt

Two Arab Energy Companies are willing to expand their work in the Egyptian petroleum sector.

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