Latest in Tag: Daily News Egypt Highlight

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Latest in Tag: Daily News Egypt


80% majority of Egypt’s natural gas production goes to power plants: Petroleum ministry report

Power plants currently receive 80% of Egypt’s natural gas production, equivalent to approximately 3.043bn cubic feet per day, currently the maximum supply rate, according to a report issued by the Ministry of Petroleum. Approximately 519.8m cubic feet of the remaining 20% of Egypt’s gas production is directed toward the industrial sector. The other 1.79bn cubic …

Mohamed Adel

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How uncertainty managed to negatively affect the Egyptian economy

By Mohammed Nosseir Egypt is in need of a coherent economic vision complemented by explicit economic policies. Undermining both, or using economic initiatives as substitutes and surprising citizens with an assortment of mega investment projects (even if they are beneficial) will not do our country any good. In a very short period, Al-Sisi has managed …

Daily News Egypt

Syria: One year later

By Matthew Timmerman A column in honour of the one-year anniversary of Syria’s chemical attack At 2.30 am on the morning of 21 August 2013, statements circulated on Twitter of a chemical attack in a Damascus suburb, and within days 1,500 individuals were reported dead. A UN investigation ensued as Western powers debated the appropriate response. …

Daily News Egypt

Header Rob Tashima

Egypt looks to secure LNG production and supply

  With its significant reserves of liquefied natural gas (LNG), Egypt has been a key exporter for regional consumers over the past decade but with growing domestic consumption and a number of fiscal constraints, the country has been looking to secure additional supplies by expanding LNG capacity. In May the Egyptian government signed a letter …

Daily News Egypt

Government bodies owe Petroleum Authority EGP 163bn

Several government agencies have stopped paying for fuel products they are receiving from the EGPC in light of their need for this money in order to pay dues they owe to partners and banks. Dues owed to the Petroleum Authority by government agencies are approximately EGP 163bn, according to an official at the Ministry of …

Mohamed Adel

Government fails to abide by payment schedule with foreign partners

The government is the reason behind the continued inability of the petroleum sector to repay dues to foreign partners in return for oil and gas received monthly, said an official at the Ministry of Petroleum The EGPC has not complied with the agreement the ministry entered into with foreign partners for the payment schedule for …

Mohamed Adel

Foreign partners demand government repays dues before increasing investments

Foreign companies operating in the oil sector have linked increasing their investments to their payment from the Egyptian government, in light of the government’s failure to keep to the repayment schedule that was previously agreed upon. According to an official at one of these foreign companies, the Egyptian government has no choice but to pay …

Mohamed Adel