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The plant is to be located in the Gulf of Suez, approximately 40 km north-west of Ras Ghareb.
The minister stressed the necessity of incorporating activities between the economic zone east Gulf of Suez and New Suez city, in order to integrate local communities, and to accommodate their activities in development plans.
El-Molla signs $8.5bn petrochemical complex project in new El Alamein
The source said the project’s capacity can be increased in case of securing larger funding.
Company aims to increase its total production of 300,000 barrels of oil in 2026
Three companies were competing for the project, including Vestas, Siemens Gamesa, and Senvion.
Siemens Gamesa, Vestas, Senvion to approve request
Decision came upon request of two of bidding companies
The Egyptian General Petroleum Corporation (EGPC) signed an agreement with the energy giant British Petroleum (BP) to explore and produce oil and gas in the northeast of the Ramadan concession in the Gulf of Suez with investments of $46m. The agreement was signed by the CEO of the EGPC, Abed Ezz El-Regal, and BP’s regional …
Egypt’s Ministry of Petroleum signed an agreement with international oil services company Schlumberger on Wednesday to conduct a seismic survey in the Gulf of Suez, according to a statement issued by the ministry. Earlier on Monday, during the first day of the Egyptian Petroleum Show 2018, Egyptian Minister of Petroleum Tarek El-Molla announced that the …
The Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA) granted the Toyota-Orascom-GD France alliance a 20-year license to produce electricity from a wind farm in the Gulf of Suez. The project will generate 250 MW with investments of €250m. Sources from Egypt ERA said that a technical committee from the agency studied the …
Investments amount to €250m, price set at 3.8 cents per kW/H
The SCZone has many investment incentives. The SCZone was established as an administration body with full authority over the Suez Canal axes with regards to all projects and activities within the geographical borders of the project, stepping above the governorates where these projects are. This eliminates government bureaucracy and gives investors the flexibility needed to …
Companies include Siemens and Vestas
Price set at 4.7 cents per kilowatt of energy produced
Company signed contracts with Nigerian companies, negotiations underway with Iraqi government for oil supply, says Radwan
The project’s construction will start in summer 2016 and will take 12 months, creating over 1,000 jobs
Agreement includes five projects in electricity sector, six transportation projects and four Chinese direct investments projects
The Polyester Producing Company, subsidiary of the Egyptian Petrochemicals Holding Company, exports 270,000 tonnes per year of polyethylene terephthalate (PET) while 150,000 tonnes of the product are provided to the local market, according to an official of Egyptian Petrochemicals Holding Company. He pointed out that the company, operating in an economic zone in the northwest …
The contract was signed with RWE and Dove Energy oil companies with a minimum of $22.5m in investments
Qandil expects project will attract over $100bn in investments and create 700,000 new job opportunities
2,000 megawatts lost over the last two days due to lack of natural gas
By Islam Serour The Egyptian General Petroleum Corporation(EGPC) announced a new bid round for 20 blocks in the areas of the Eastern and Western Deserts exploration. Total investments according Hani Dahy, Chairman of the EGPC, is estimated to amount to $8.5 billion in the 2012-2013 fiscal year. Adel Saeed, the EGPC’s Vice Chairman for Agreements, …