investment | Egypt Oil & Gas - Part 20
Hamdi Abdel Aziz: No Truth to Threats From Oil Companies
In an official press release from the Ministry of Petroleum, Hamdi Abdel Aziz, the Ministry of Petroleum’s official spokesman denied what was published in a newspaper about threats made by four oil companies to withdr...
African Development Bank Announces $12b for Energy Projects
The African Development Bank Group has unveiled what it calls a ‘New Deal on Energy for Africa’ at the World Economic Forum in Davos, Switzerland, All Africa reported. The bank will spend $12b on the proje...
Egypt, China to Sign Six Electricity Infrastructure Deals
The Egyptian Ministry of Electricity expects to sign six new agreements for Chinese investment in Egypt’s electricity infrastructure projects during Chinese President, Xi Jinping’s visit to Cairo in January, Amwal Al ...
$25m Power Plant to Be Built in Egypt’s 6 October City
Sheikh Zayed City Development Authority is in the process of launching a 500 MW power plant, with investments worth EGP 200m ($25.5m). The plant will be built on a 15,000 square meters over a period of 2 years, Gamal ...
Egypt to Receive $99m Loan from Kuwait
The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have finalized an agreement for a $99m (KWD 30m) loan for Egypt. The loan will be directed towards funding a project that will expand E...
ACEP: Ghana’s Petroleum Tax Beyond Acceptable Levels
Ghana’s new taxes on petroleum products are beyond acceptable levels for a developing country, according to the African Center for Energy Policy (ACEP), Business Day Ghana reports. According to the energy think tank, ...
Algerian, British Ministers Discuss Energy Investment
Algeria’s Energy Minister, Salah Khebri, and British Special Representative, Lord Richard Risby, held a bilateral meeting to discuss greater energy cooperation between Algiers and London, All Africa reports. Min...
Egypt Postpones Bid Round Due to Oil Prices
The Egyptian General Petroleum Corporation (EGPC) decided to postpone planned bid round until prices of Brent oil stabilize in international markets. The bid round was intended to be launched early 2016, offering 10 c...
