Egypt’s Gas Flaring Can Cover 5% Electricity Production

• Thursday, 7th December 2017
• by Sarah Samir

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

• Thursday, 7th December 2017
• by Sarah Samir

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

• Wednesday, 4th October 2017
• by Editorial Team

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

WB, IFC to Provide $600M for Oil & Gas Projects

• Wednesday, 30th August 2017
• by Sarah Samir

The World Bank and the International Finance Corporation will provide $600 million for oil and gas projects in Egypt.

Nasr Pushes for $1B Tranche of WB Loan

• Thursday, 24th August 2017
• by Sarah Samir

The Egyptian Minister of Investment and International Cooperation, Sahar Nasr, met with a delegation from the World Bank to discuss the third tranche of the World Bank's $3 billion loan to Egypt.

Kuwait to Establish Private-Public Oil Industry Zone

• Tuesday, 4th July 2017
• by Dr. Mahinaz El-Baz

The Kuwait Petroleum Corporation (KPC) is willing to establish an oil industry zone through a private-public partnership deal.

Egypt to Partially Pay Oil Arrears

• Sunday, 9th April 2017
• by Sarah Samir

Egyptian Ministry of Petroleum will repay part of its arrears to IOCs in May.

El Sisi Meets with IMF’s Chief

• Thursday, 6th April 2017
• by Sarah Samir

The Egyptian President, Abd El Fattah El Sisi, discussed the International Monetary Fund's (IMF) loan program for Cairo with the IMF's Managing Director, Christine Lagarde.

Egypt Receives $1b from WB

• Thursday, 23rd March 2017
• by Sarah Samir

The World Bank (WB) announced that it released $1b to Egypt as the second tranche of its $3b loan agreement signed with the Arab country in December 2015.

WB: Uganda’s Oil to Expand Economy

• Thursday, 23rd February 2017
• by Sarah Samir

Uganda's economy is estimated to expand by 5.2% in the fiscal year 2017/2018, despite a previous drop to 5% in 2016/2017, thanks to foreign and domestic investment in infrastructure in the oil industry, according to ...