Latest in Energy Highlight
Latest in Energy
Petroleum Ministry to sign gas transport deal with EU next week
Minister of Petroleum and Mineral Resources Tarek El-Molla said that an agreement in the energy sector is set to be signed with the European Union next week. During his opening speech at the ninth Mediterranean Offshore Conference and Exhibition (MOC 2018) held in Alexandria, El-Molla said the agreement aims to boost cooperation in the natural …
Informa acquires ownership of Electricx after Egytec withdraws
Disagreements regarding objectives reason for exit; company will continue manufacturing electric equipment, says Shawky
Al-Sisi to inaugurate Siemens power plants at full capacity next month
12,800 MW added to grid, commercial operation begins in May
Kami Group studies establishment of solar energy industrial complex in Beni Suef
Invitations sent to 200 companies to participate in project
Sudan asserts political will to complete electric interconnection with Egypt
Egypt and Sudan have the political well and readiness to complete the necessary steps to complete the implementation of electric interconnection between them, Sudanese Minister of Water Resources, Irrigation, and Electricity Moataz Mousa said in a press statement on Sunday. In February, Minister of Electricity and Renewable Energy Mohamed Shaker said that negotiations are underway …
Egypt targets 26% subsidy cuts for petroleum products, 47% for electricity
The Egyptian government aims to cut petroleum subsidies by about 26%, and electricity subsidies by 47% in the draft budget for fiscal year (FY) 2018/19, according to Reuters. The government document allegedly obtained by the news agency showed that the value of subsidies in the new budget amounted to EGP 89.075bn, down from about EGP …
Egypt’s non-oil business sector contracts slightly in March
Improvements in new export orders for third consecutive month, backed by weaker currency
Infinity to complete solar plants in Q1 2019
Infinity Solar will complete the construction of solar power stations in the second phase of the feed-in tariff projects with a capacity of 130 MW in the first quarter of 2019. Human Resources Director Hisham El Gamal said that the company managed to secure 85% of the cost of the project through a German bank …
EEHC contracts with JEPCC to carry out mechanical work of West Cairo Power Plant
Cost estimated at EGP 605m, implementation to be completed within 30 months, says El Desouky
Egypt consumes 275,000 tonnes of diesel per week: Ezz El Regal
Egypt’s crude oil production increased to 661 bpd
100 Egyptian companies nominated to participate in Dabaa plant works
List includes Arab Contractors, Elsewedy, Hassan Allam, Orascom
EDC renews projects contracts in Saudi Arabia for 3 years
Contracts for the Egyptian Drilling Company (EDC)’s projects in Saudi Arabia have been renewed for the next three years, Salah Abdelkereem, head of the Egyptian Drilling Company, which is under the Egyptian General Petroleum Corporation (EGPC), said. He explained that the company controls about 74% of the land and sea drilling market in Egypt as …
Egypt to receive second oil shipments from Iraq in two weeks
Egypt will receive a second shipment of Iraqi crude oil of 2m barrels in two weeks. An official at the Egyptian General Petroleum Corporation (EGPC) told Daily News Egypt that the agreement with the Iraqi side includes the supply of 2m barrels every two months for a year, on soft terms of payment and a …
EGAS plans to offer gas exploration in 9 land, sea areas in Q2 2018
The Egyptian Natural Gas Holding Company (EGAS) intends to put forward bids for nine natural gas land and offshore exploration concession areas in the second quarter (Q2) of this year, according to an official source at the company, who declined to be identified. According to the source, the company obtained security approvals for the bidding …
Elsewedy-Marubeni coalition awaits cabinet approval to launch two wind farms
Electricity Ministry presents detailed memorandum for project, land will be allocated following government approval
Schneider Electric’s Egypt operations reach €180m in 2018: energy vice president
Company constructing 40 MW solar power plants in Sharm El-Sheikh, Kamel says
EGEMAC consortium to set up Naga Hammadi transformer station for EGP 721m
Cost self-financed, project to be completed within 12 months, says Abdel Rahim
EEHC looks to borrow $90m for Upper Egypt Electricity
Loan to finance maintenance programmes, GE began implementation, says El-Shahat
COOP to establish 7 gas stations in Kafr El-Sheikh
Petroleum Cooperative Society Company (COOP) has signed a protocol with the Governorate of Kafr El-Sheikh to establish seven new stations to service and supply cars with fuel, as a first stage of an investment of up to EGP 50m. The company will employ its expertise and capabilities in supply and service stations in the implementation …
Siemens receives €4.9bn of dues from EEHC
4,800 MW-capacity units to be added in June
Apache plans to drill 50 oil wells in Egypt next fiscal year
Apache Corporation plans to carry out an exploration programme in Egypt to drill 50 wells in the next fiscal year through Qarun Petroleum Company and Khalda Petroleum Company. The announcement was made during a Thursday meeting between Minister of Petroleum and Mineral Resources Tarek El-Molla and John J Christmann, CEO of Apache International, to discuss …
Government negotiates with Schneider Electric, Seven Seas to establish desalination plants
US company offered to sell desalinated water at EGP 17 per cubic metre, but government insisted on EGP 5 rate
Shell’s West Nile Delta field 9B production to reach 350-400m scf/day by 2019
The new production capacity at Shell’s West Nile Delta field 9B is expected to reach 350-400m standard cubic feet per day (scf/day) by 2019, an Egyptian Petroleum Ministry official told Reuters on Monday. On the other hand, the Petroleum Ministry issued a statement indicating that the production from the first three wells in the field, …
5 banks to finance AMOC’s refinery project with $500m
List includes IFC, EBRD, NBE
Prepaid electricity proceeds reached EGP 367m in February
Plan in place to replace mechanical metres to overcome accumulation of debts, sources say
Electricity Ministry operates 16 MW Assiut hydropower station
Study underway to utilise small weirs in the Delta
Egyptian-Chinese partnership formed to extract minerals from black sand
Issued capital not determined yet; Egypt’s share is 75%, sources say
South Cairo Electricity Distribution company to transform overhead lines to ground cables this year
The South Cairo Electricity Distribution Company will finish transforming its overhead electric lines into ground cable throughout this year. The implementation has reached 88% thus far. Hossam Afifi, head of the South Cairo Electricity Distribution Company, said that there are some objections from the residents of the area that may impact the implementation. Agreements are …
Developing Egypt’s natural gas network essential for economic activity
Projects to develop and improve the efficiency of Egypt’s national natural gas network are currently underway as gas transmission is essential for various economic and domestic activities across Egypt, said Minister of Petroleum Tarek El-Molla El-Molla explained that these developments are necessary to meet the increase in consumption and to accommodate the changes occurring in …
Eni’s Nooros gas field total production increases to 1.15bn scf/day
The development well Nidoco NW7 in Nooros gas field has begun production at 90m standard cubic feet per day (scf/day) of gas and 720 barrels of oil equivalent per day, The Ministry of Petroleum announced on Tuesday. The new production brings the field’s number of operating wells to 13, with a total production of 1.15bn …