The Egyptian Government backed from its decision to cut the gas prices for iron and steel factories from $7 per 1m British Thermal Units (BTU) to $4.5 per 1mBTU.
The Egyptian Ministry of Petroleum and Mineral Resources has paid EGP 1b to Italian Eni, as part of the outstanding dues for for the company's equity production.
Siemens plans to complete trial runs for 11 units at its three Egyptian power plants located in Burullus, Beni Suef, and the New Capital by the end of November, early December.
Badr El Din Petroleum Company's (Bapetco) brought two new wells in its fields in the Western Desert to Egypt's online. The wells have an accumulated capacity of 4500b/d of equivalent crude oil and gas.
Jordan's Philadelphia Solar seeks to finalize the financial closure for its Egyptian power plant project in order to to join phase I of the country's energy purchasing Feed-in-Tariff (FiT) program.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt is studying every possible method including increasing prices in order to reduce fuel subsidy's expenditure in fiscal year 2 ...