The Sovereign Fund of Egypt (SFE) is expanding to franchisers as potential buyers for 80-90% of military-owned Wataniya Petroleum, CEO Ayman Soliman, stated.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, shared the petroleum sector’s achievements  and challenges in the past period stating that “the oil and gas sector has been moving forward with all its activities and plans steadily despite the volatile circumstances which have proven the efficiency and sustainability of the sector’s strategic plans and bold reforms.” This came during a British Egyptian Business Association’s (BEBA) Egypt’s Green Economy webinar under the title “Future of Oil and Gas: Challenges and Opportunities,” which was held on November 9.

The Egyptian Natural Gas Holding Company (EGAS) and TAQA Arabia signed a cooperation protocol to deliver natural gas to El Wadi El Gedid by utilizing compressed natural gas (CNG).

TAQA Arabia is planning to pump EGP 240 million of investments in 2020 towards building 14 natural gas fuel stations compatible with all vehicles, which will increase the company’s number of natural gas stations to 21, Khaled Abu Bakr, Executive Chairman of TAQA Arabia and Egypt Gas Association (EGA) stated.

A subsidiary of Taqa Arabia, Master Gas, has inked a deal to provide natural gas to Pyramid Poultry Co. with an annual capacity of about 650,000 cubic meters of natural gas.

The Egyptian Natural Gas Holding Company (EGAS) has renewed the initial approvals for applications made by BB Energy Trading Company, TAQA Arabia, and Energy Fleet to obtain gas import licenses.

Qalaa Holdings has announced the establishment of a new joint venture between its subsidiary TAQA Arabia and BP subsidiary Castrol with EGP 20 million capital.

Dolphinus Holdings and TAQA Arabia have requested licenses from the Egyptian Natural Gas Holding Company (EGAS) to import natural gas for private sector in Egypt.

Egypt’s largest private sector energy distribution company, TAQA Arabia, is considering establishing a new 50MW-capacity solar power plant. It will come in addition to the existing 50 MW solar plant project that the company seeks to implement in Aswan at cost of $75m.

Taqa Arabia's Managing Director, Mohamed Nafea, said that the company has opened its sixth fuel station in Upper Egypt to supply cars with benzene and diesel fuel, Egypt Oil & Gas reported.