Latest in Energy Highlight
Latest in Energy
How a fluctuating oil market is likely to impact Egypt
The oil market has been in decline for a considerable period of time, having experienced three consecutive years during which supply has outstripped demand. This has continued to drive prices down and created a depreciating marketplace, while forcing the intergovernmental Organisation of the Petroleum Exporting Countries (OPEC) to take decisive action.
Renewable energy investors call for presidential intervention
100 international companies willing to invest $15bn if government expedites investment procedures
Shell offers Rosetta concession for sale
The government owes Shell $1.3bn for their share of the gas field, says source
33 companies present their bids for Kom Ombo 20 MW solar plant
The list includes Orascom, Infinity, and Shanghai Electric
Shell seeks expandings in Egyptian market: Haytham Yehia
General Electric carries out $80m maintenance in Koraymat, North Giza power plants
General Electric began maintenance works to raise the efficiency of Koraymat and North Giza power plants at a cost of $80m. The company is maintaining and raising the efficiency of two units in Korayman power plant at a total cost of $70m ($35m each), and is maintaining North Giza power plant at a cost of …
3 gas shipments exported through Edco plant by Shell since September
Supply from Borollos fields gradually being increased to 250m feet of gas
Production from Rosetta gas field to cease in July
The company refused to pay for developments to offset the natural decline in production
KarmSolar announces 3 major agreements at first annual forum
News will impact agribusiness, architecture, start-ups, and real estate through partnerships with EFG Hermes, RiseUp, and Azza Fahmy
Electricity minister to send president memo on Dabaa negotiations next week
The ministry has banned officials from comment until the contracts are complete; negotiations are in final phase, says minister
Government postpones execution of $15bn worth of electricity projects
The list includes plants in Dairout, Damanhour, El-Hamrawein, El-Mahmoudeya, Ataqa, and Qena; projects transferred to 2022-2027 Plan due to financial burdens and production surplus, say sources
30 international and local banks prepare to finance renewable energy projects with $3bn
All banks have agreed to lend to companies in the second phase of the feed-in tariff, says Youssef
Eni to complete 24% of gas treatment plant in October 2017
Six wells in Shorouk concession will be linked to production at the end of 2017
Khalda Petroleum reduces cost of oil produced from Apache concession to $4.5/barrel
We saved $155,000 daily on drilling expenses during FY 2015/2016, says Abdel Azim
Finance Ministry approves state guarantee for Toyota alliance’s Suez wind farm
Toyota, Orascom, GD France alliance to sign contracts with Egyptian Electricity Transmission Company in January
NREA poses tender for installation of windmill mid-2017
Project expected to cost €345m with funding from AFD, KFW, and EIB
10 banking institutions agree to finance 2nd phase of renewable energy projects
Solar and wind energy projects must be financed primarily from foreign financing resources
BP buys 10% of Eni’s massive Zohr gas field
The two companies agreed that BP could purchase another 5% before the end of 2017
Petroleum Ministry to announce winning companies of exploration tender in 11 areas
Shell and Apache applied to acquire sectors in the western desert, says source
Electricity Ministry completes studies on Al-Negila for establishing nuclear power plant
Negotiations underway with Marsa Matrouh governor to allocate 30km to launch the project
Electricity Ministry to repay EGP 800m for fuel to Petroleum Ministry next week
The government raised prices of imported fuel for power plants to EGP 2,500 per tonne, while natural gas reached $3 per million BTUs
Egypt to save $1tn through establishing solar thermal power plants by 2050: El-Nokrashy
The president is excited to establish renewable energy projects, considering them future of development
New total of 19 companies withdraw from renewable energy feed-in tariff projects
The companies Wadi Degla and Nubian are the latest to withdraw from solar energy projects
Petroleum Ministry to pose fuel tender as alternative to Aramco contract in December
Talks with Saudi Arabia are ongoing to discuss Aramco’s position on the 700,000-tonne monthly shipments contract
5 companies to submit offers for launch of Hamrawein coal plant in March: Electricity Minister
EGP 33bn allocated for the expansion of the national electricity grid over the next two years
Apache to invest $960m in western desert concessions during current fiscal year
Ongoing discussion in regards to increasing FY 2017/2018 investments with Apache’s officials, says Abdel Azim
Government to discuss raising tariff on biofuel next week
Committee suggests price ranging between EGP 1.02-1.08 per KW/h
20% target of renewable energy sources remains following flotation: NREA head
The target for 20% of Egypt’s power requirements to be generated from renewable sources will remain unchanged following the flotation of the Egyptian pound, according to Mohamed El-Sobky, head of the New and Renewable Energy Authority (NREA). El-Sobky hopes the flotation will not affect investors’ desire to invest in Egypt. He added that the new …
New, renewable energy companies demand higher feed-in tariff value due to flotation
Investors expect losses to reach 35% in the second phase of the electricity projects
Egypt-Saudi Arabia electricity interconnection project to run in Q1 of 2019: Shaker
Electricity subsidy allocations increased EGP 6bn after pound’s floatation, says minister of electricity