Ministry of Petroleum | Egypt Oil & Gas - Part 17
Egypt to Revoke Gas Rate Cuts or Iron, Steel
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, reported Daily news Egypt. The government had announced...
Egypt to Pay EGP 800m to Fuel Power Plants
The Egyptian Ministry of Electricity will pay EGP 800m to the Ministry of Petroleum for fuel consumed by power plants, reported Daily News Egypt. Sources with the Ministry of Electricity stated that the ministry was s...
Egypt Paid EGP 1b to Eni
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. An official with Eni stated that the company rece...
Egypt, Acwa Continue Talks on Power Plant
The Egyptian Minister of Electricity, Mohamed Shaker, stated that his ministry, together with the Ministry of Petroleum and Mineral Resources, is proceeding with negotiations with Saudi ACWA Power to establish an ele...
Siemens to Start Power Plant Trails
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. Sources with the Ministry of Electricity...
Bapetco Brought 2 Wells Online
A press release to Egypt Oil&Gas stated that Badr El Din Petroleum Company’s (Bapetco) CEO, Emad Hamdy, reported to the Egyptian Minister of Petoleum, Tarek El Molla, that the company brought two new wells i...
Jordan to Join Egypt’s FiT Program
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, reporte...
Egypt to Reduce Fuel Subsidies
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 y...
