Latest in Energy Highlight
Latest in Energy
Electricity price hikes average 26%: Shaker
Electricity Ministry to add 25,000 MW capacity by end-2018
Benban transformer substations ready to transfer solar energy
XD-EGEMAC to complete delivery of last station in two weeks, says Ramadan
ThyssenKrupp offers to partner with Egyptian oil companies on 5 new projects
The German conglomerate ThyssenKrupp offered to participate with Egyptian oil companies in the implementation of five new projects under preparation. The offer was made during a meeting between the representative of the German company and Tarek El-Molla, acting minister of petroleum and mineral resources. The projects that ThyssenKrupp intends to implement include a polybutadiene plant …
Egypt’s fuel exports rise in Q1 2018 to $1.2bn
Egypt’s total fuel exports between January and March (Q1) 2018 increased to $1.225bn from $964m during the same period of 2017, an increase of approximately $260m. The Central Agency for Public Mobilisation and Statistics (CAPMAS) said in its latest report that the total exports of crude oil during the first three months of 2018 reached …
EETC offers tender for establishment of solar park control centre in Benban
5 companies bought prospectus, including Siemens, Schneider Electric
Solar energy companies complain of stalled road construction in Benban
Solar energy investors complained about delays in implementing the main roads and subways at the construction site in Benban, Aswan. They expressed dissatisfaction with the lack of completion of roads comes despite the New and Renewable Energy Authority (NREA) contracting with a private company for implementation more than four months ago. The heads of solar …
20% increase in petrol pumping rates to occur during Eid
Abed Ezz El Regal, chairperson of the Egyptian General Petroleum Corporation (EGPC), said that there will be increases in the pumping rates of petrol in the market, from 20m litres per day to 24m litres per day, a 20% increase across the country. He added that through distribution companies, the corporation will also increase diesel …
Four years of stability, development at Electricity Ministry: Shaker
Minister of Electricity Mohamed Shaker managed to achieve a boom in the electricity sector over the past four years when he took office at a time when the ministry was suffering from deterioration and negligence, such as the frequent power outages and poor services provided to citizens. Shaker signed many agreements in the sector and …
Tarek El-Molla: Three years of petroleum discoveries, exploration agreements
The petroleum sector recovered after a difficult time following the events of the 25 January 2011 revolution. Over the past four years, the sector managed to achieve distinct results in various petroleum activities after political and security stability returned to Egypt, with the measures taken by the state to bring back investment and encourage major …
EEHC negotiates with Siemens on operation, maintenance of 3 stations
Contract extends over 8 years, payment in Egyptian pounds, euros
43.3% of carbon dioxide emissions from electricity sector in Egypt
The Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed that the electricity sector represents the main source of carbon dioxide emissions from petroleum products consumption, accounting for 43.3% of total emissions, followed by the transport sector at 18.5%, the industrial sector at 15.4%, the domestic and commercial sectors at 8.2%, and other sectors accounting …
Petroleum Ministry accepts instalments for natural gas supply to 684,000 households for six years
The Ministry of Petroleum and Mineral Resources approved an instalments system for natural gas deliveries to 684,000 customers across Egypt for a period of up to six years. Minister of Petroleum and Mineral Resources Tarek El-Molla said that gas delivery companies have implemented land and underground networks for the delivery of gas to 684,000 customers …
Sterling and Wilson to complete four solar power plants next year
Company in partnership with Elsewedy, Taqa Fas, others
25 companies buy prospectus for Zaafarana solar power plant tender
List includes Infinity, PowerChina, Sterling and Wilson, Elsewedy
Output from Iraq’s Siba gas field begins with 25-30m cubic feet per day
Production operations from Siba gas field in Iraq, which the General Petroleum Corporation (GPC) owns 15% of, began a few days ago. An official at the GPC told Daily News Egypt that the initial production ranges from 25-30m cubic feet of gas per day, along with some condensates produced from the field. The official pointed …
EGP 625m electricity stolen in five months
The sum collected by electricity distribution companies for theft of electric currents and cables reached EGP 625m from the beginning of the year through May. Sources at the Ministry of Electricity said that the electricity police filed thousands of reports from January to May. Additionally, the phenomenon of informal buildings has increased, resulting in the …
HCWW dues to electricity companies at EGP 7.8bn
The Ministry of Electricity’s dues owed by the Holding Company for Water and Waste Water (HCWW) have jumped to EGP 7.8bn, sources from the ministry said. The sources at the Ministry of Electricity revealed that they had addressed the officials of the HCWW by paying part of the debts and committing to pay the monthly …
State still subsidises water, new tariff hikes do not include limited income citizens: HCWW chairperson
Mamdouh Raslan, chairperson of the Holding Company for Water & Wastewater (HCWW), told Daily News Egypt that the new water tariff will reduce debts, construct new projects, and implement renovation plans. Egyptian authorities decided to lift the prices of drinking water by up to 46.5%, the official gazette said on Saturday, to be implemented starting …
Jordan’s king freezes fuel price hikes for one month following mass protests
Thousands of Jordanians demonstrated against price increases, calling for ‘toppling of government’
Electricity Ministry establishes company for Beni Suef, Borollos, new capital plants
Five individuals nominated to chair company, board to be formed within weeks
Egypt to become net exporter of natural gas again: EIA
Egypt exported about 26 bcf of LNG, most of which exported to Asia Pacific, Middle East, EIA says
Dana Gas receives $40m of its arrears from Egypt
UAE-based Dana Gas said on Monday it received $40m of dues owed to it by Egypt.
Gas consumption up by 240,000 tonnes per month: EGAS
Production of butane reaches 466,000 tonnes in Q1 2018
EGPC negotiates with 5 banks for EGP 4bn loans
The Egyptian General Petroleum Corporation (EGPC) has started negotiations with five local and Arab banks to obtain EGP 4bn in loans to purchase and supply petroleum products. Sources from the EGPC told Daily News Egypt that the banks are Banque Misr, the National Bank of Egypt (NBE), National Bank of Kuwait (NBK), Al Ahli Bank …
Emco Logistics plans to expand in energy projects
Emco Logistics is set to invest in several areas, notably the energy sector, especially environmentally friendly and gas projects, in the coming period, with the expansion of the establishment of new cities, including the New Administrative Capital. Mohamed Hamouda, the company’s operations manager, said that they are involved in the construction of the wind power …
Egypt begins transition to regional energy trade hub this year
Country to implement electricity interconnection between three continents
Oil prices plunge as reports of increased production by OPEC, Russia emerge
Oil prices plunged on Friday to their lowest levels in weeks, on the back of reports that the Organisation of the Petroleum Exporting Countries (OPEC) and Russia are considering increasing production. Both West Texas Intermediate (WTI) and Brent crude fell by more than 3% to $67.50 and $76.44 respectively. Both Saudi Arabia and Russia are …
EEHC opens bids for operation, maintenance of new capital, Borollos, Beni Suef power plants
Doosan, Siemens present lowest offers, while 5 other alliances excluded for high costs
Fuel distribution companies have not received notice on price increases
According to official sources at petroleum product distribution companies, the companies have not yet received any notifications about the decision to increase the prices of fuel, and that the concerns about the new price schemes are false. The sources added that the distribution companies are entities that implement fuel prices increases, and do not to …
Parliament approves oil, gas exploration agreement in North Sinai maritime zones
The Egyptian Parliament’s energy committee approved an agreement for oil and gas exploration in the North Sinai maritime concession area (NOOR) in the Mediterranean Sea. The deal is between the Italian company Eni and the Egyptian Natural Gas Holding Company (EGAS). MP ElSayed Hegazy, a member of parliament’s energy committee, told Daily News Egypt that …