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Sudan asserts political will to complete electric interconnection with Egypt

Egypt and Sudan have the political well and readiness to complete the necessary steps to complete the implementation of electric interconnection between them, Sudanese Minister of Water Resources, Irrigation, and Electricity Moataz Mousa said in a press statement on Sunday. In February, Minister of Electricity and Renewable Energy Mohamed Shaker said that negotiations are underway …

Donya Salem

Egypt targets 26% subsidy cuts for petroleum products, 47% for electricity

The Egyptian government aims to cut petroleum subsidies by about 26%, and electricity subsidies by 47% in the draft budget for fiscal year (FY) 2018/19, according to Reuters. The government document allegedly obtained by the news agency showed that the value of subsidies in the new budget amounted to EGP 89.075bn, down from about EGP …

Mohamed Samir

Infinity to complete solar plants in Q1 2019

Infinity Solar will complete the construction of solar power stations in the second phase of the feed-in tariff projects with a capacity of 130 MW in the first quarter of 2019. Human Resources Director Hisham El Gamal said that the company managed to secure 85% of the cost of the project through a German bank …

Daily News Egypt

EDC renews projects contracts in Saudi Arabia for 3 years

Contracts for the Egyptian Drilling Company (EDC)’s projects in Saudi Arabia have been renewed for the next three years, Salah Abdelkereem, head of the Egyptian Drilling Company, which is under the Egyptian General Petroleum Corporation (EGPC), said. He explained that the company controls about 74% of the land and sea drilling market in Egypt as …

Ahmed Ismail

Egypt to receive second oil shipments from Iraq in two weeks

Egypt will receive a second shipment of Iraqi crude oil of 2m barrels in two weeks. An official at the Egyptian General Petroleum Corporation (EGPC) told Daily News Egypt that the agreement with the Iraqi side includes the supply of 2m barrels every two months for a year, on soft terms of payment and a …

Mohamed Farag

EGAS plans to offer gas exploration in 9 land, sea areas in Q2 2018

The Egyptian Natural Gas Holding Company (EGAS) intends to put forward bids for nine natural gas land and offshore exploration concession areas in the second quarter (Q2) of this year, according to an official source at the company, who declined to be identified. According to the source, the company obtained security approvals for the bidding …

Ahmed Ismail

COOP to establish 7 gas stations in Kafr El-Sheikh

Petroleum Cooperative Society Company (COOP) has signed a protocol with the Governorate of Kafr El-Sheikh to establish seven new stations to service and supply cars with fuel, as a first stage of an investment of up to EGP 50m. The company will employ its expertise and capabilities in supply and service stations in the implementation …

Daily News Egypt

Apache plans to drill 50 oil wells in Egypt next fiscal year

Apache Corporation plans to carry out an exploration programme in Egypt to drill 50 wells in the next fiscal year through Qarun Petroleum Company and Khalda Petroleum Company. The announcement was made during a Thursday meeting between Minister of Petroleum and Mineral Resources Tarek El-Molla and John J Christmann, CEO of Apache International, to discuss …

Mohamed Farag

South Cairo Electricity Distribution company to transform overhead lines to ground cables this year

The South Cairo Electricity Distribution Company will finish transforming its overhead electric lines into ground cable throughout this year. The implementation has reached 88% thus far. Hossam Afifi, head of the South Cairo Electricity Distribution Company, said that there are some objections from the residents of the area that may impact the implementation. Agreements are …

Daily News Egypt

Developing Egypt’s natural gas network essential for economic activity

Projects to develop and improve the efficiency of Egypt’s national natural gas network are currently underway as gas transmission is essential for various economic and domestic activities across Egypt, said Minister of Petroleum Tarek El-Molla El-Molla explained that these developments are necessary to meet the increase in consumption and to accommodate the changes occurring in …

Mohamed Samir