investment | Egypt Oil & Gas - Part 13

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.

Egyptian Cabinet Mulls Adjusting Natural Gas Prices

The Egyptian Cabinet headed by Eng. Sherif Ismail, is considering adjusting natural gas prices of some agreements signed with foreign oil companies operating in the Egyptian petroleum sector.

AMOC Invests $800m for Production Increase

Alexandria Mineral Oils Company (AMOC) plans to increase diesel production to be 620,000 tons in 2017/2018.

EETC to Sign Power Purchase Agreements

EETC is ready to sign power purchase agreements with renewable energy companies under the Feed-in Tariff (FiT) program as soon as they reach financial close.

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