Latest in Energy Highlight
Latest in Energy

UNIDO allocates $5.6m to finance energy efficiency improvement projects in factories
Allocated financing to be used in solar heating and electric motors

Zohr’s 13th well to be linked in October, production exceeds 3bn scf/day end-2019: Petro Shorouk
Investment in Zohr accounted to $10.6bn so far, says Hassan

Proposals to move water prices within attempts to settle Electricity Ministry’s dues
Dues on water companies reached EGP 9bn until 30 June, says Raslan

First well of Baltim South West gas field to start production within days: Petrobel
Field’s total production to reach about 500m scf/day by 2020

EgyptERA approves special power consumption calculation mechanism for metreless telecommunications towers
Estimated consumption is 3,500 kWh per month for single towers, 6,500 for shared towers

NREA compares offers from NARI, Vikram to establish solar plant in Zafarana
Authority to award project’s contract to winning company next month

Pharaonic Petroleum starts digging new wells with $280m investments in FY 2019/20
Linking Katameya gas field to production in Q2 of 2020, says Abbady

GUPCO plans to inject $1.2bn investments within two years
The results of GUPCO operations showed that the average production from its fields in Ras Shuqair amounted to about 61,700 barrels of crude oil per day during FY 2018/19, and that there is a plan to increase production from Ras Shuqair fields during the current fiscal year to about 73,000 barrels per day.

Electricity Minister reviews progress of electricity linkage project with Europe
Shaker to visit Jordan next month to discuss increasing power exchange capacity to 2,000MW

Globaltronics to supply 110k electricity metres for North, South Delta Electricity Distribution companies
Company also competes for supplying 250k metres to other distribution companies

Egypt’s natural gas production to fall by 70m scf/month in FY 2020: EGAS
Domestic production increases by 7bn scf/day end-2019

Egypt’s Petroleum Minister to participate in South Sudan Oil & Power Conference
Egypt, South Sudan own 90% of oil production in Nile Basin

10 companies willing to bid for building rooftop solar panels in New Capital
The sources added that the Administrative Capital for Urban Development (ACUD) issued the tender’s prospectus on Sunday for $5,000.

Giza zoo to be powered by solar energy, biogas to be used to keep animals warm
The team chose a near the place where pregnant animals give birth, which requires high heating.

Egypt’s Zohr production rises to 2.7bn scf/day: Tarek El-Molla
El-Molla explained that the current rate was achieved four months ahead of the planned date, after the completion and implementation of the second maritime line with a diameter of 30 inches and a length of 215 km.

NSPO signs contract with petroleum sector to offer natural gas refuelling services
54 gas refuelling stations established in 15 governorates, 50,000 cars to be converted in FY 2019/20

Government agencies to share in waste-to-energy purchasing tariff for 2 years
Tariff to be increased from EGP 1.03 to EGP 1.40 per kW/h

Triple M launches Winsola for operation, maintenance of renewable energy plants
Winsola provides periodic maintenance for solar energy systems, solar panel cleaning and maintenance, fault forecasting, power generation monitoring, performance measures, and wind turbine maintenance.

Egypt to launch oil exploration tender by end of 2019
Incentives in new oil agreements to encourage partners, according to industry sources

El Sewedy, EDF start commercial operation of 2 solar stations in Benban
Projects output 130MW with $140m investments

Lekela Power completes financial closure of Ras Ghareb wind farm
Company implemented 1,243 MW wind power projects in Africa, says Eissa

Rosatom to float tenders for Dabaa nuclear plant’s site preparation
Rosatom is stepping up preparations to complete the tenders of the Dabaa nuclear plant and awarding the executing companies this year to comply with the agreed schedule and pouring concrete in the first reactor of the Dabaa nuclear plant by July next year.

Schneider Electric becomes founding member of Global Cybersecurity Alliance
The alliance will proactively address growing and emerging cyber threats by bringing together end-user companies, technology and system vendors, IT infrastructure suppliers, service providers, system integration experts, and other organisations.

Neeasae receives offers to supply components of 750,000 LED bulbs
Tenders are to be submitted with an initial deposit of EGP 30,000 in cash, payable cheque, or a 6-month unconditional letter of guarantee. If any sample was rejected, the supplier shall replace it before the deadline set by the company.

ACWA Power compares 3 bids to supply production units for Luxor power station
Siemens, General Electric, and Mitsubishi are competing on supplying the units, says sources

Mineral sales increase to $740m in FY 2019/20
State revenues from mining activities increase to $60m, says source

14.5% increase in electricity selling tariff from NREA projects
Electricity Ministry buys a kw/h from solar, wind energy plants for 55 piasters

Zohr’s gas production hits 11.3bn cm mark in 1H19: Rosneft
The Russian energy giant is in a consortium with Italy’s Eni, British Petroleum (BP), and UAE’s Mubadala Petroleum for the implementation of the Zohr offshore gas project in the Mediterranean Sea.

Russian nuclear-powered missile blast will not affect Dabaa project’s timetable
Experts emphasise complete safety of planned plant, calls for in-depth studies of reactor concrete

IIF expects world Brent oil prices to average $65/b in 2019, $62/b in 2020
“We expect growth in US crude oil production to decelerate from 1.6m bpd in 2018 to 1.3m bpd in 2019, 0.9m bpd in 2020,” says IIF