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SCZone receives 8 requests to invest on 4 sqkm area

The General Authority for the Suez Canal Economic Zone (SCZone) has received eight requests from local and international companies to invest on an area of 4 sqkm. Mahfouz Taha, deputy head of the SCZone Authority, said that the companies that have requested allocating the land seek to establish petrochemical industry projects, as well as projects …

Mohamed Farag

Petroleum Ministry aims to increase gas production by 19.53%

The Ministry of Petroleum is aiming to increase the average production of Egypt’s natural gas during this fiscal year by 19.53%, to reach 5.342bn cubic feet of natural gas daily, compared to 4.469bn cubic feet of gas daily throughout the past fiscal year 2016/2017, according to data from the ministry. Data reveals that the ministry …

Ahmed Ismail

Egypt has 8,150 MW of surplus electricity production

The Electricity Observatory of the Egyptian Electricity Regulatory Authority (ERA) announced on Sunday that Egypt had 8,150 MW of surplus electricity production, while the maximum consumption during nights reached 24,090 MW. According to the ERA, Egypt has not witnessed power outages recently, except in a few areas for short periods that did not exceed five …

Mohamed Farag

EEHC installs 250,000 electricity metres at 6 distribution companies as trial 

The Egyptian Electricity Holding Company (EEHC) started to install 250,000 smart electricity metres in a trial across six electricity distribution companies. Ministry of Electricity Spokesperson Ayman Hamza said that the new step came within the electricity sector’s plan to provide electricity for all purposes through modern technological methods. He added that the use of smart …

Mohamed Farag

EGAS to launch tender for importing LNG

The Egyptian Natural Gas Holding Company (EGAS) plans to launch a tender for importing liquefied natural gas (LNG) shipments in January 2018, according to an official source at the company. The source added that the upcoming tender aims to secure local market needs of natural gas during the second quarter (Q2) of 2018. Meanwhile, EGAS …

Ahmed Ismail

EGYPS 2018, North Africa’s largest oil, gas industry platform to begin February 

EGYPS 2018, North Africa’s largest oil & gas industry platform is scheduled to kickstart in February, in its second annual edition, under the patronage of President Abdel Fattah Al-Sisi. The platform aims to bring together the region’s key stakeholders shaping the energy industry’s future. “With abundant resources, some of the most competitive production costs worldwide, …

Daily News Egypt