Latest in Energy Highlight
Latest in Energy
Egypt to renew oil hedging to shield against oil prices fluctuations: Minister of Petroleum
Renewal is essential to secure subsidy allocations from price changes, says El-Molla
Oriental Weavers to deliver first phase of OIC before year-end
Egypt’s Oriental Weavers Group revealed new details about its planned industrial city, Orientals Industrial City (OIC), in Ain Sokhna, announcing that the project will be built on an area of 10.5m sqm at a cost of EGP 13bn. The new industrial city would be developed and managed by the company’s subsidiary Orientals for Industrial Development …
NTPC to invest in solar energy in Egypt
Egyptian market stable, attractive for investment, says NTPC’s GM
AOI will complete launch of two solar plants in Eritrea next October
Organisation with ELMACO, EGMAC to supply electrical equipment to both projects
Upper Egypt pipelines receive 7.5m tonnes of fuel annually: PPC
Upper Egypt receives about 7.5m tonnes of crude oil, butane, and petroleum products through pipelines annually, the Chairperson of Petroleum Pipeline Company (PPC), Abdel- Moneim Hafez, said He pointed out that investments worth EGP 3.6bn were injected into Upper Egypt, including a project to increase the capacity of butane to Lower Egypt governorates from a …
Petroleum Ministry establishes $2.3bn oil refining projects in Assiut
New projects to contribute to reaching self-sufficiency for Upper Egypt in terms of various petroleum products, says El-Molla
New $450m high-octane gasoline complex being established in Assiut: ASORC
Company to convert 2.5m tonnes of fuel oil to petroleum products annually
Consultant appointed to conduct submarine survey for electric connection between Egypt, Saudi Arabia
Connection with Sudan delayed indefinitely due to events in Khartoum
Monthly decline in Shell’s production from Borollos, Rasheed fields of 10m cubic feet of gas
Projects produces 240m cubic feet of gas per day: source
Zohr gas condensates production increases to 4,000 tonnes per day
Extracted sulfur increased to 50 tonnes, returns to be spent on community development projects in Port Said
EEHC collects accumulated dues of EGP 6.1bn owed by government bodies
Total dues estimated at EGP 34.3bn until February
Triple M negotiates with KarmSolar to co-establish solar power plant in Bahariya Oasis
Triple M is negotiating with KarmSolar to participate in the implementation of a 17MW solar power plant in Bahariya Oasis.
Egypt seeks to achieve integration with Africa in energy field: Electricity Ministry
Since taking over the presidency of the African Union (AU), Egypt has been actively working on a comprehensive vision to achieve integration among African countries, especially in the energy field, Egypt’s Electricity Ministry spokesperson, Ayman Hamza, said. He told DNE that the second ordinary session of the African Union (AU) Specialized Technical Committee on Transport, …
Tourism sector electricity dues scheduled over 36 months
The Canal Company for Electricity Distribution agreed to schedule the outstanding dues of the tourism sector over 36 months with 0% interest. An official at the Egyptian Electricity Holding Company (EEHC) said the decision is aimed not to ease the burden on the tourism sector, and help tourist installations to pay their electricity bills regularly …
Benban solar park to be linked to national grid by September: NREA head
Finalising regulations of organising sale of electricity directly to consumers soon
EETC agrees with Egemac, TBEA alliances to supply EGP 656m worth equipment
The Egyptian Electricity Transmission Company (EETC) has signed seven contracts with the Egyptian German Electrical Manufacturing Company (Egemac) and TBEA alliances to supply electric transformers and equipment worth EGP 656m. Sabah Meshaly, chairperson of EETC, signed the first contract to supply five mobile stations with 60mva capacity, three mobile 22x22x220kv stations, and three mobile 220/11/11kv …
Electricity Ministry estimates its gas needs at 4.4bn scf/day in summer
Gradual increase in consumption starts as temperatures rise, says source
Gas exports through EDCO factory decline to 500m scf/day
Gas quantities pumped to factory will be according to shipments specified in contract, says EGAS
Russia, Egypt sign agreement on uranium supply to 2nd research reactor in Inshas
Russian state nuclear corporation Rosatom’s subsidiary TVEL has signed with the Egyptian Atomic Energy Authority (EAEA) a contract to supply the ETRR-2 research reactor in Egypt with uranium components for low-enriched nuclear fuel produced by the Novosibirsk Chemical Concentrates Plant. The ETRR-2 is used at the National Center for Atomic Research in Inshas city in …
ZYFRA Group tests AI solution to boost oil well production, eyes Egyptian market
ZYFRA Group, Finnish-Russian AI and IIoT solutions developer for industries has successfully tested an Electrical Submersible Pump (ESP) software unit, designed to enhance the efficiency of oil extraction by boosting oil well production rates by 1.5% without any additional capital investment. The ESP software unit is now operational for more than three months in 500 …
Egypt reduces its gas exports to Jordan to 300m scd/day in April
Jordan’s gas imports changes according to needs of electricity plants
United Energy Group acquires Kuwait Energy for $650m
Shalakany acted as sole buy side legal advisor for all Egyptian assets on this transaction
Tender to be launched over site consultancy of solar plant in west Nile
The companies qualified for establishing a solar energy plant with a 200MW capacity west of the Nile will be launching a tender to choose a consultant for the studies of the project’s location this month. Informed sources told Daily News that the 13 companies qualified to implement the project have agreed to share the costs …
Marubeni-Sewedy alliance to implement 1st phase of Siemens Gamesa wind farm
Siemens Gamesa has settled on ElSewedy-Marubeni alliance to implement the first phase of its wind farm with a capacity of 180MW. Sources told Daily News Egypt that the alliance will be arranging the funding necessary for implementing the first phase of the project from Japanese funding agencies, including the Japan International Cooperation Agency. This would …
Electricity Ministry awaits approval of cabinet to launch tenders for Owainat transformer station
Project comes within ‘1.5 Million Feddan’ project, with EGP 5bn estimated cost
Site permit issued for Dabaa nuclear plant
The Nuclear Power Plants Authority (NPPA) received a site permit for the building of Dabaa nuclear power plant from the Egyptian Nuclear Regulation and Radiological Authority (ENRRA), the head of NPPA announced on Monday. He explained that obtaining the site permit marks a milestone in the Dabaa project licensing process. The site permit came as …
Oil price exceeds $70 per barrel due to clashes in Tripoli
We cannot predict oil price due to political fluctuations, says OPEC
Government purchases electricity from private sector for EGP 400m
The government has purchased electricity from the private sector for EGP 400m until March 2019. Sources at the ministry of electricity told Daily News that the Egyptian Electricity Transmission Company (EETC) and electricity distribution companies across the country are committed to repaying the dues of the companies without delays. The sources explained that the largest …
Egypt aims to increase fuel prices by about 25% in June
Country imports around 35% of domestic consumption of petroleum, says industry source
IFC, Ministry of Petroleum help boost critical energy infrastructure in Egypt
The International Finance Corporation (IFC), a member of the World Bank Group (WBG), announced on Wednesday a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for the eastern Mediterranean region as well as improve its energy infrastructure. The IFC signed a memorandum …