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SFD contributed towards conversion of approximately 17,400 cars by providing financing worth EGP 87m, says Secretary General
Russia sees Egypt as export destination after issues with EU following Crimea crisis, Egypt sees Russia as natural gas source
The company witnessed a workers’ strike in April
Butane in its regular state is of high density and cannot be pumped through pipelines, however, after mixing it with air, it converts into the same technical characteristics as natural gas, according to Abu Bakr.
Gas output to increase by 170mn cubic feet per day by 2017
210,000 cars running on natural gas, 180 supply stations and 74 conversion centres created between 2012 and 2014
“BG Egypt invested more than $3.5bn since the 25 January Revolution”
Egypt’s gas exports to Jordan dropped dramatically in 2014 due to militant attacks
Extension of Borollos fields project delayed until early 2016, claims official
Higher energy prices may be driving inflation, says former IMF assistant
The three leaders discuss deepening cooperation in various fields
Companies refusing to comply with ministry’s domestic fertiliser quotas
Israeli energy company Delek says purchased gas will be supplied to industrial consumers in Egypt
Farmers syndicate questions government’s ability to cut black market and says price rises burdens farmers
Fate of the fertiliser tax to be determined in three months
Egypt has ceased exporting gas to Jordan several times this year due to the tense situation in Sinai and multiple explosions on the export pipeline
Prime Minister Ibrahim Mehleb held talks with World Bank Group President Jim Yong Kim on how to use bank’s financing for development projects in Egypt
Company will link with local contractors and suppliers to equip factory for coal using capabilities
Delayed payment of debts to foreign partners threatens Egyptian gas production, says report
Correction: Daily News Egypt is republishing this article because the World Bank was incorrectly said to have already approved the loan in the original article
EU ambassador to Egypt welcomes reduction of subsidies on petroleum products
Misr Al Qawia criticises decision, Al-Nour Party calls for transparency and improved methodology, while Socialist Popular Alliance proposes alternate
This follows a surprise increase in consumption took place on Friday following the announcement that fuel prices would increase.
Decreased gas production is result of slowdown in partners’ development and exploration of wells in light of increasing operation costs
The gas company cut 300m cubic feet of gas per day from cement factory consumption, from its estimated daily rate of 430m cubic feet.
Investors welcome the move to reduce energy subsidies, but ask government to protect the poor from expected price jumps through social programmes
Ministries of Electricity and Petroleum have launched initiative to reduce 20% of electricity consumed annually and thereby decrease energy deficit
Debts owed to the Ministry of Petroleum by other government agencies decreased to approximately EGP 156bn at the end of March, compared to EGP 172bn in February, after the Ministry of Finance paid part of its debts
Some of the Western bankers, money managers and oil traders who help keep that money moving are unconvinced sanctions will have a truly significant effect.
Field is part of the Disouq natural gas project in northern Egypt, operated by Germany’s RWE Dea oil and gas firm