investment | Egypt Oil & Gas - Part 19
Egypt Negotiates $7.5b Electricity Investments
The Ministry of Electricity and Renewable Energy is holding talks with three foreign energy companies about $7.5b worth of contracts to add 6,750 MW to Egypt’s electrical grid, Daily News Egypt reported. The companies...
EGA Holds Roundtable Headed by Minister of Petroleum
On the 23rd of February, the Egyptian Gas Association (EGA) held it’s first executive roundtable, titled “The Future of Natural Gas Industry in Egypt.” The purpose of the roundtable was to bring tog...
Ministry of Electricity to Sign $8b Worth of Deals with Japan
The Ministry of Electricity and Renewable Energy plans to sign four memorandums of understanding (MOU), and three loans with Japanese companies during President Abdel Fattah Al-Sisi’s visit to Tokyo this month, ...
Iran Sets $200b Investment Target for Oil Sector
Iran’s oil and gas sector needs an injection of $200b worth of investments, according to Iran’s Minister of Petroleum, Bijan Zangeneh, stated. $130b is required for upstream, while the remainder is needed for process...
EBRD’s Investments in Egypt Hit $2b
The European Bank for Reconstruction and Development (EBRD) has invested $2b in Egypt through 32 projects since 2012, according to EBRD Director, Philip ter Woort. Investments of the bank were primarily focused on ene...
El Molla Meets with Heads of 40 Companies
Tarek El-Molla, Minister of Petroleum and Mineral Resources, met with the heads of 40 joint venture companies to discuss different methods of boosting oil and gas production in Egypt, reported Egypt Oil & Gas. Dur...
Egypt to Launch Tender for Solar Projects in Benban Area
In a few days the Egyptian government will launch a tender for services needed for solar energy projects in Benban area. Services needed include security, technical, and administrative services, reported Daily News E...
Italy to Upgrade Egypt’s MIDOR, Other Energy Projects
Italy has agreed to upgrade Egypt’s Middle East Oil Refinery (MIDOR), participate in building a complex for petrochemical industries in Ain Sokhna, and update a number of combined-cycle power plants, Egypt Daily News ...
