Ministry of Petroleum | Egypt Oil & Gas - Part 14
Power Plants to Run 100% on Natural Gas
The Ministry of Petroleum and Mineral Resources informed the Electricity Ministry of the possibility to totally rely on natural gas to run power plants instead of using mazut.
Egypt Aims to Pump Natural Gas to 1m Households
Egypt's Ministry of Petroleum and Mineral Resources is aiming to pump natural gas to 1m households in 26 governorates.
Egyptian Arrears to IOCs Decreased
Egyptian arrears to IOCs decreased from $3.6b to $3.4b by end of April 2017.
Egypt to Restructure Ministry of Petroleum
El Molla: Restructuring the Ministry leads to improving the investment climate.
Egypt to Stop Energy Allocations in 5 Years
Egypt lift fuel subsidies over 5 years to reach zero allocations in the Egyptian budget. The allocations will be used for other fields, such as education and health.
Egypt, Siemens Establish JV to Boost Oil Output
The Egyptian Electricity Holding and the Egyptian Maintenance Company for Petroleum Services will establish a joint venture with Germany's Siemens to increase oil production through boosting the number of generators ...
Ministry of Petroleum Arrears Down by $2.8b
El Molla said that the ministry has successfully reduced its arrears for the IOCs with $2.8b in the last three years.
Egypt Seeks EGP 6b from Stake Selling
Egyptian Minister of Finance, Amr El Garhy, stated that the North African Country plans to receive EGP 6b out of selling state-owned firms' stakes in the Egyptian Stock Exchange (EGX) during fiscal year 2017/2018
