investment | Egypt Oil & Gas - Part 23
Egypt to Double Natural Gas Production by 2018
A study by the Egyptian Center for Economic Studies (ECES) forecasts that due to the recent gas discovery, Egypt will be able to double its natural gas production by 2018. According to the study Egypt is expected to a...
Finance Minister: Massive Gas Find Will Not Affect Subsidy Reform
Al Arabiya quoted Hany Kadry Dimian, the Egyptian finance minister, saying that the discovery of a massive new offshore natural gas field will not slow down his country’s efforts to slash energy subsidies. The s...
Egypt Pays $600m of IOC Debt
In an interview with Daily News Egypt, Tarek El-Molla, Chairman of EGPC, confirmed the reduction of Egypt’s debt to foreign oil companies to the current $2.9b.“The foreign partners’ dues declined at the end of August ...
Khaled Abu Bakr: New Gas Find Will Change the Energy Map for Egypt and the World
Khaled Abu Bakr, Executive Chairman of Taqa Arabia, said that the greatest challenge facing Egypt is legislative, reported Yum7. Laws must be amended in a way congruent with present requirements, especially in a way t...
Hurdles Facing Oil Investors as Iran Braces for Major Field Development
Iranian broker Reza Mostafavi Tabatabaei has warned foreign investors heading towards Iran of the difficulties they may face, speaking from his own personal experience. This was in reference to a $87m deal in 2011 to ...
Sisi to Ink Energy Deals in China
President Abdel Fattah al-Sisi begins tomorrow an important state visit to China, to participate in its 70th World War II end anniversary celebration, as part of an Asian tour which he had initiated with Singapore an...
Egypt to Offer Investors 3 cents per Kilowatt of Renewable Energy
Egypt’s Ministry of Electricity is currently finalizing deals with the companies that signed MoUs during the economic conference last March to purchase 1 KW of power generated via alternative energy sources for 3 cent...
Ministry of Electricity: No Usage of EPC+ Financing
The ministry of electricity has ceased the negotiations conducted on implementing projects on EPC+ finance basis, reported Al Mal. EPC+ is a financing method where the investor will build a power plant, secure its fin...
