World Bank | Egypt Oil & Gas - Part 3
EGAS Begins Household Gas Connection Project
The oil ministry has started the project that aims to connect more houses to the national gas grid, Egypt Oil & Gas reports. The Egyptian Natural Gas Holding Company (EGAS) organized a workshop for the project’s t...
World Bank to Stop Funding Upstream Oil & Gas Projects
The World Bank will no longer finance upstream oil and gas projects after 2019, Reuters reports. Exceptions might be made for some gas projects in some of the world’s poorest countries, the news agency reports. Enviro...
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 ...
Egypt Ranks 11th Globally in Gas Flaring
Egypt is the 11th country in gas flaring worldwide, Program Manager-Global Gas Flaring Reduction Patnership at the World Bank, Bjorn Hamso said, Egypt Oil & Gas reports. He further added that Egypt jumped from the...
Nasr: World Bank Financing of Energy Sector Hits $4B
The World Bank has provided the Egyptian energy sector with $4 billion in financing, according to the Minister of Investment, Sahar Nasr, Amwal Al Ghad reports. The funding includes $3 billion to support economic refo... WB, IFC to Provide $600M for Oil & Gas Projects
The World Bank and the International Finance Corporation (IFC) will provide $600 million for oil and gas projects in Egypt, the Minister of Investment and International Cooperation, Sahar Nasr, stated in a press relea...
Nasr Pushes for $1B Tranche of WB Loan
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, Egypt Oil &...
Kuwait to Establish Private-Public Oil Industry Zone
Kuwait Petroleum Corporation (KPC) is willing to establish an oil industry zone through a private-public partnership deal, Zawya informed. The World Bank supported KPC in preparing a study on the project, which has be...
