parliament
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Parliament Approves Egypt-Cyprus Gas Pipeline Agreement
Tuesday, 12th March 2019
The agreement was signed in Nicosia in September 2018 in order to facilitate natural gas delivery from Cyprus to Egypt's liquefaction plants in Idku and Damietta.
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Parliament Approves $132 M Loan for Electric Grid Development
Monday, 25th February 2019
The Egyptian parliament approved a loan agreement of around $131.79 million from the AFESD in order to develop the country's national electricity transmission grid.
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Egyptian Parliament Approves E&P in North Sinai
Tuesday, 15th May 2018
The Egyptian Parliament has approved legislation to allow the Minister of Petroleum, Tarek El Molla, to contract with the Egyptian General Petroleum Corporation (EGPC) and Perenco North Sinai Petroleum to amend the exploration and production (E&P) agreement for the North Sinai offshore concession.
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Kuwait Oil Minister Survives Vote of No Confidence
Monday, 14th May 2018
The Kuwait parliament has renewed confidence in Minister of Oil and Minister of Electricity and Water Bakheet Al-Rashidi in a vote at the National Assembly on May 10.
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El Molla: Egypt Aims For 5% Petroleum Products Import Rate
Sunday, 6th May 2018
Egypt plans to develop refineries during the upcoming four years to decrease the import rate of petroleum products to 5%, compared to the current rate of 35%.
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Iraq to Establish National Oil Company
Wednesday, 7th March 2018
The Iraqi parliament voted on March 5th to create a national oil company that will handle the country’s energy sector.
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Egypt to Establish Nuclear Power Regulator in January
Tuesday, 5th December 2017
Ministry of Electricity is planning to finish establishing the nuclear power industry regulator, and its working on appointing officials for it in January 2018.
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El Sisi Signs the New Gas Regulatory Law
Tuesday, 8th August 2017
Egyptian President Abd El Fattah El Sisi approved a new law today to govern the Egypt’s gas market. -
Parliament Approves Guarantees for MIDOR and ASORC
Sunday, 4th June 2017
The Egyptian Parliament approved the guarantees offered by the Ministry of Finance for MIDOR and ASORC's $2.6b fund. -
Egypt to Set New Nuclear Construction Law
Sunday, 23rd April 2017
The Egyptian Parliament will discuss a new law of 19 articles to regulate nuclear plants construction in Egypt.
Latest News
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Norpetco Inaugurates HSE Project with $1.3 MM
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El Molla Attends the 5th IEF-EU Energy and Climate Day
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El Molla Showcases Ramallah Visit Results Before Cabinet
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Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021