World Bank | Egypt Oil & Gas - Part 2

EMGF Second Meeting Concludes in Cairo

The Second Ministerial Meeting of the East Mediterranean Gas Forum (EMGF) was held in Cairo on July 24-25, as per the invitation of H.E Eng. Tarek El Molla, the Minister of Petroleum and Mineral Resources.

Benban Solar Park Attracts over $2 B Investments

Benban solar park, which is set to be the biggest in the world, attracted over $2 billion investments.

El Molla Talks Infrastructure with World Bank Official

Egyptian Minister of Petroleum Tarek El Molla met with World Bank (WB) Vice President for Infrastructure, Makhtar Diop, to discuss current developments to Egypt's oil and gas infrastructure.

World Bank Voices Support for Egypt Energy Hub Project

The World Bank is willing to support Egypt’s project to become a regional energy hub by funding infrastructure and providing technical support.

WGC 2018: El Molla Discusses Economic Policy with World Bank Officials

Egypt’s petroleum minister Tarek El Molla updated the World Bank's senior vice president, Mahmoud Mohieldin, about Egypt's economic situation during a visit to the World Bank's headquarters in Washington DC.

EGAS Begins Household Gas Connection Project

The oil ministry has started the project that aims to connect more houses to the national gas grid.

World Bank to Stop Funding Upstream Oil & Gas Projects

The World Bank will no longer finance upstream oil and gas projects after 2019.

Egypt’s Gas Flaring Can Cover 5% Electricity Production

Egypt's gas flaring is enough to cover 5% of domestic electricity production, Director and Head of Natural Resources at the European Bank for Reconstruction and Development (EBRD), Eric Rasmussen, stated.

Egypt Ranks 11th Globally in Gas Flaring

Egypt is the 11th country in gas flaring worldwide, Program Manager-Global Gas Flaring Reduction Partnership at the World Bank, Bjorn Hamso, stated, adding that Egypt jumped from the 9th to the 11th place.

Nasr: World Bank Financing of Energy Sector Hits $4B

The World Bank has provided the Egyptian energy sector with $4 billion in funding.

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