Latest in Energy Highlight
Latest in Energy
State-owned Egyptian Natural Gas Holding Company (EGAS) plans to launch an international tender for deep water gas exploration next year
By Oxford Business Group The start of production at a concession in Egypt’s Nile Delta basin by a German firm has come as welcome news, an indication of the sizable potential offered by the country’s offshore blocks. With local consumption growing, the North African state is looking to balance the need to expand output to …
Russian ministers’ visit expected to touch on atomic power
Chinese state-owned Sinopec will buy a one-third share in the Egyptian oil and natural gas business of US firm Apache Corp.
“Qatar is pressuring Egypt” for Morsi supporter crackdowns, says Chamber of Commerce chairman for petroleum products
Ministry of Water and Irrigation reviews possibility of using solar energy to improve water pumps.
Oriental Planet: Middle East Oil & Gas sector expected to maintain steady growth in spite of significant developments in global energy domain
The strike – now in its third week – came after protests first emerged in June and has virtually stopped production and exports at key terminals in Ras Lanuf, Sedra, Brega and Zoueitina on the central coast.
Apache Corporation reports oil and gas discoveries in Egypt’s western desert
Iran has meanwhile called for lower production this week in order to maintain and even boost crude oil price levels.
Egypt and South Korea will cooperate in the field of nuclear power development
Confirms agreement between Iraq State Oil Company and Egypt for pipeline
Egyptian National Gas had allegedly asked the jointly owned Israeli-Egyptian East Mediterranean Gas Company (EGM) to cancel the agreement.
Claims the State is seeking to restructure subsidies
Sourcing of funding for EGP 5.5bn project include World Bank, African Development Bank and European Investment Bank
Daily information briefs from all the governorate’s fuelling stations will be publically posted online
Tariq al-Mala was appointed vice president of the company, tasked with overseeing operations on behalf of the Petroleum Ministry, succeeding Amru Mustafa
Egypt has cut back on a total of nine million barrels of imported oil for the second quarter of the year, without any official explanation
The agreement will also supply Egypt with 4,000 tonnes of diesel per day
Ten-thousand employees have also been laid off as a result
Nile Petroleum will become the primary distributor of Shell marine lubricants in Egypt, serving ships passing through the Suez Canal
Minister of electricity and energy: Dairut factory will be the first of its kind in Egypt to operate on a BOO scheme
The government will raise natural gas, fuel oil, and diesel prices
Egypt’s government is currently undergoing a subsidies reform program in order to help close its budget deficit and secure the obtainment of its pending $4.8bn International Monetary Fund (IMF) loan
EGPC is seeking to buy 968 thousand tonnes of diesel to be delivered between April and June
The jump represented the largest weekly increase in two months
There has been no indication from the Egyptian government when gas supplies will return to normal levels
“This is the second-biggest investment made in Turkey after the two nuclear power plant projects,” Turkish Energy Minister said
The Ministry of Finance (MOF) has allocated EGP 100 million to the Egyptian General Petroleum Corporation (EGPC) for supplying all electricity stations with the required petroleum needs. Minister of Finance Momtaz Al Saeed stated that during July and August, the Ministry allocated EGP 600 million to the EGPC in order to procure the necessary fuel …
By Abdelrazik Al Shewikhy In collaboration with several Italian organisations in the field of renewable energy, the RES Group, a UK-based renewable energy company, offered to to construct 30 photovoltaic power stations for the Investors Association in Marsa Alam with investments worth €70 million. The project comes in light of addressing fuel shortage currently crippling …