Latest in Energy Highlight
Latest in Energy
Fuel exports up to $3.4bn in 7 months
The oil sector has been able to raise the value of its foreign exports of fuel to $3.4bn between January and July 2018, up from $2.5bn in the same period in 2017, up by $883m. According to the CAPMAS, total crude oil exports reached $1.1bn in that period, against $1.6bn in that period of 2017, …
Reducing pollution in Mediterranean Area tops Ecomondo’s agenda
Expo will tackle MED’s climatic changes, pollution, growing urbanisation, increasing maritime traffic, preserving natural heritage and ecosystem services at risk
Deadline for coded metres extended to end 2018
Distribution companies received letter from EEHC, will not receive new requests
Enara Capital negotiates with government to set up 200MW solar power plants
Group’s investments long term, we aim to support renewable energy industry in Egypt: El-Gabaly
Electricity Ministry negotiates with four banks to finance PSH studies in Luxor, Qena
List includes AFD, KfW, EBRD EIB
Electricity link with Sudan to operate with 100 MW by end 2018
Stress imposed on swift implementation, adherence to timetables, without jeopardising quality: Shaker
NREA sets deadline for receiving bids for Suez Gulf wind farm tender at 9 December
Vestas, Siemens Gamesa, Sinfon compete for project
Eni to complete drilling Zohr’s 9th well by November
Project’s total production will reach 2.25bn cubic feet by end of 2018: source
New form of gas exploration agreements in Red Sea: Petroleum Ministry
Latest agreements increase partner’s share, reduces expense recovery period
33.3% increase in Egypt’s reserves of natural gas compared to 2015
Country’s reserves up by about 37tn cubic feet: El-Mulla
NBE, NAT, Metro Management sign protocol to develop e-payment system for Cairo Metro
The National Bank of Egypt (NBE), the National Authority for Tunnels (NAT), and the Egyptian Company for Metro Management and Operation signed a cooperation protocol to develop an e-payment system for the Cairo Metro. Deputy chairperson of the NBE Yehia Abul Fotouh said this protocol comes in line with the state strategy to boost financial …
Eni agrees with Petroleum Ministry on $2.6 for gas produced from Farameet well
Well’s production to be connected to Al-Obayed’s gas processing plant, owned by Dutch Shell
Desert Technology acquires 20% of two solar projects from Arina, WinErgy
Italian company bought shares in each company, completes Benba’s station in May
ACWA Power to establish $500m wind farm by end 2018
Investment opportunities in Egypt promising, government offers additional incentives: ACWA’s CEO
Fas Energy considers establishing $420m worth solar power, recycling projects
Company invested $100m in feed-in tariff projects that will be completed by next year
EDF to complete two solar power plants in cooperation with El-Sewedy in 2019
Economic reforms have positive impact on investors, banking institutions
Foreign partners’ share in petroleum fields increases to $750m on monthly basis
Increase in oil prices globally. linking new wells to production are reasons: official
Dabaa Nuclear Station on top of Al-Sisi, Putin meeting agenda
Project will need time, has not been cancelled, says Shaker
Five companies qualified to establish solar power station in Zaafarana
List includes Nari, Elecnor, TCK, Belectric, Vikram Energy: sources
Egypt negotiates Israel gas company to settle $1.75bn arbitration case
Completion of arbitration cases before start of gas transfer to Egypt beginning 2019
Italy’s Eni seeks to obtain electricity production license
Company plans to implement solar power projects worth $300m next year
Egypt will not repay any amounts in Eastern Mediterranean gas arbitration settlement: Shoaib
Jordan gas line to be utilised to transfer Israeli gas in case of increased quantities
Higher oil prices inevitable, $100 bbl easily within reach in 2019: Bank of America Merrill Lynch
Price hikes further pressures on Egypt’s budget, each $1 increase in price would cost the country EGP 4bn
Siemens Gamesa establishes wind farms in Egypt with investments of €2bn
Turbine blade factory to be implemented in SCZone
EGEMAC, XD-EGEMAC aim to increase business up to EGP 10bn by end-2018
EGP 450m agreement to establish Benban electrical substation to be concluded within days
Farrouh: 100 applications to launch solar energy plants connected to the electricity grid
98 engineers trained, meetings with investors to raise projects’ awareness
Enara to complete 3 solar power projects in Benban by Q1 2019: CEO
Operating power projects costs $200m, on net-metering system, independent production
Mohammed Shaker: addition of 3,250 MW to national grid in coming 2 years
Cost of raising power plants’ efficiency amounts to EGP 30bn
Petroleum products subsidies up by EGP 10bn in Q1 2018/19
20% increase in barrel price than estimated by state budget
Egypt signs agreement with CI Capital, Jefferies bank, Emirates NBD to manage ENPPI’s IPO
IPO of stake in ENPPI announced, postponed many times; initially scheduled to take place before end of 2017