Latest in Energy Highlight

Advertising Area





Latest in Energy


UAE’s Mubadala buys 10% of Zohr field

The Ministry of Petroleum signed a final agreement to sell 10% of Zohr concession areas to the UAE’s Mubadala Oil Company, according to a statement from the ministry on Wednesday. The ministry said it has signed a contract with the Italian company Eni and Mubadala and the Egyptian Natural Gas Holding Company (EGAS) to sell …

Daily News Egypt

Egypt and Saudi Arabia postpone interconnection agreements indefinitely

Egypt and Saudi Arabia have again postponed awarding the tender for the electricity grid between the two countries, despite assurances from the joint committee of its willingness to sign the final contracts for the project at the end of this month. Government sources told Daily News Egypt that the companies competing for the tender of …

Mohamed Farag

30 companies to start implementation of solar energy projects in Benban

Thirty companies from Aswan started implementing solar energy projects with the feed-in tariff scheme in Benban, Aswan, after their documents were reviewed by Hassan Allam, who is responsible for managing services at the project site. Hossam Allam, chief executive officer of Hassan Allam services, said that 30 companies from Benban were nominated to work on …

Mohamed Farag

Daily gas production up by 1.5bn scf/day: Petroleum Ministry

The Ministry of Petroleum announced that the total daily added production of natural gas since the beginning of 2017 thus far amounted to about 1.5bn standard cubic feet per day (scf/day) and 5,170 barrels of condensates. The ministry explained that the plans and programmes of work that have been implemented have contributed to increasing Egypt’s …

Mohamed Farag

ThyssenKrupp offers to partner with Egyptian oil companies on 5 new projects

The German conglomerate ThyssenKrupp offered to participate with Egyptian oil companies in the implementation of five new projects under preparation. The offer was made during a meeting between the representative of the German company and Tarek El-Molla, acting minister of petroleum and mineral resources. The projects that ThyssenKrupp intends to implement include a polybutadiene plant …

Daily News Egypt

Egypt’s fuel exports rise in Q1 2018 to $1.2bn

Egypt’s total fuel exports between January and March (Q1) 2018 increased to $1.225bn from $964m during the same period of 2017, an increase of approximately $260m. The Central Agency for Public Mobilisation and Statistics (CAPMAS) said in its latest report that the total exports of crude oil during the first three months of 2018 reached …

Daily News Egypt

Solar energy companies complain of stalled road construction in Benban

Solar energy investors complained about delays in implementing the main roads and subways at the construction site in Benban, Aswan. They expressed dissatisfaction with the lack of completion of roads comes despite the New and Renewable Energy Authority (NREA) contracting with a private company for implementation more than four months ago. The heads of solar …

Mohamed Farag

20% increase in petrol pumping rates to occur during Eid

Abed Ezz El Regal, chairperson of the Egyptian General Petroleum Corporation (EGPC), said that there will be increases in the pumping rates of petrol in the market, from 20m litres per day to 24m litres per day, a 20% increase across the country. He added that through distribution companies, the corporation will also increase diesel …

Mohamed Farag

Four years of stability, development at Electricity Ministry: Shaker

Minister of Electricity Mohamed Shaker managed to achieve a boom in the electricity sector over the past four years when he took office at a time when the ministry was suffering from deterioration and negligence, such as the frequent power outages and poor services provided to citizens.  Shaker signed many agreements in the sector and …

Mohamed Farag

Tarek El-Molla: Three years of petroleum discoveries, exploration agreements

The petroleum sector recovered after a difficult time following the events of the 25 January 2011 revolution. Over the past four years, the sector managed to achieve distinct results in various petroleum activities after political and security stability returned to Egypt, with the measures taken by the state to bring back investment and encourage major …

Mohamed Farag

43.3% of carbon dioxide emissions from electricity sector in Egypt

The Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed that the electricity sector represents the main source of carbon dioxide emissions from petroleum products consumption, accounting for 43.3% of total emissions, followed by the transport sector at 18.5%, the industrial sector at 15.4%, the domestic and commercial sectors at 8.2%, and other sectors accounting …

Nihal Samir

electricity

EGP 625m electricity stolen in five months

The sum collected by electricity distribution companies for theft of electric currents and cables reached EGP 625m from the beginning of the year through May. Sources at the Ministry of Electricity said that the electricity police filed thousands of reports from January to May. Additionally, the phenomenon of informal buildings has increased, resulting in the …

Mohamed Farag

HCWW dues to electricity companies at EGP 7.8bn

The Ministry of Electricity’s dues owed by the Holding Company for Water and Waste Water (HCWW) have jumped to EGP 7.8bn, sources from the ministry said. The sources at the Ministry of Electricity revealed that they had addressed the officials of the HCWW by paying part of the debts and committing to pay the monthly …

Mohamed Farag