Latest in Tag: energy Highlight
Latest in Tag: energy
Electricity Ministry: Power cuts not exceeding an hour
Ministry again asks citizens to ration their energy consumption due to fuel shortages
Queues for fuel cause mayhem
The same day in Menufiya, a policeman was injured after residents blocked the Cairo-Alexandria road, in protest against the failure to secure fuel quotas which were promised by the governor.
Egypt: Securing energy supplies
Egyptian Natural Gas Holding Company (Egas) awarded eight licences for gas exploration on 16 April and said it would potentially be offering at least 10 more this year.
US fines Total $398 mn over bribes in Iran
French oil giant Total agreed to pay the amount to settle charges that it bribed officials in Iran to secure oil and gas concessions
$500m to be used for importing petroleum products
The Electricity Ministry would first make available $200m in funds in order to purchase and distribute 400,000 tonnes of mazut fuel oil as part of a strategic reserve for the country’s electricity stations.
Qatar gas deal postponed
Natural gas import agreement between Egypt and Qatar delayed because of “unresolved legal details”
Qandil arrives in Doha
An Egyptian delegation led by Prime Minister Hesham Qandil arrives in Qatar on Tuesday evening to discuss eight new investment projects
Petroleum ministry halves supply of natural gas to cement factories
Ministry held meeting with factory heads on Sunday to announce decision
Minister of electricity seeks to fulfil 20% of energy needs using renewable sources by 2020
Agreement signed between New and Renewable Energy Authority and Arab Organisation for Industrialisation
Egypt’s Economic Crisis Growing
By Sherif Elhelwa Egypt’s political and civil unrest is combining with economic decline to threaten the country’s future. President Mohamed Morsi’s decision to remove government subsidies from some forms of energy and to establish ration cards for gasoline has sparked popular anger. Dozens of Egyptians were injured when thousands of supporters and opponents of Morsi’s …
Petroleum minister to be retried
Sameh Fahmy to be retried on the case of exporting gas to Israel
Energy subsidies to be lifted in three years: Hatem Saleh
Claims the State is seeking to restructure subsidies
Egypt’s untold diesel story
By Farah Halime The people at Cairo-based brokerage firm Pharos Holding have sent investors a thorough breakdown of the reasons behind Egypt’s diesel crisis. Titled “Diesel Crisis: Unquoted Figures and Untold Stories. The Secret behind Diesel Shortages in Egypt”, the document sheds light on the country’s fuel crisis. Pharos Research sourced diesel import data from the main government …
A paralysed city: The diesel fuel crisis
Though it is not the first time a gas or diesel shortage has plagued Cairo and several other governorates, the recent crisis in Egypt has left the capital city paralysed due to a major strike organised by microbus drivers. It seems these strikes by transport drivers are much larger than they have been in the past. Daily News Egypt investigates the mounting diesel fuel problems in the country, looking at how they are affecting ordinary citizens and what the government is doing in response.
Rebel Economy Wrap
IMF has it wrong on Egypt
Tourism in the news: € 1.8m grant given to Egypt’s Hotels Chamber to support environmental management systems program
Egypt’s Hotels Chamber recently received a €1.8m grant from the European Union as part of the latter’s pledge to fund its Environmental Management Systems and Sustainable Tourism Program for hotel facilities and resorts in the Mediterranean Sea basin. Hala Khatib, general secretary of the Hotels Chamber, said the grant will be used to train workers …
Rebel economy wrap
Lost in translation: energy subsidies
The Egyptian government agrees to leasing agreement with Islamic Development Bank worth $250m
The deal will allow the government to lease equipment for a power plant in South Helwan
Government sets quotas on subsidised fuel
Egypt’s government is currently undergoing a subsidies reform program in order to help close its budget deficit and secure the obtainment of its pending $4.8bn International Monetary Fund (IMF) loan
Rebel Economy Wrap
Egypt runs out of cash for diesel subsidies
Egypt’s drop in gas supplies renews concerns in Jordan
There has been no indication from the Egyptian government when gas supplies will return to normal levels
Turkey inks $12-bn energy project with UAE
“This is the second-biggest investment made in Turkey after the two nuclear power plant projects,” Turkish Energy Minister said
Rebel Economy Wrap
Citadel’s New Energy Chief, Centamin Spat, Mubarak-Era Projects
Turkish company to build industrial compound in Sinai
The compound will work on energy generated by El Maghara coal mine
Rebel Economy Wrap
US victory shines light on Egypt’s inexperience, energy problems
Towards liberating the energy market
The petroleum ministry is in its final stages of sanctioning the importation of natural gas by the private sector of the hydrocarbon industry. Many questions come to mind as to the consequences of such move, considering the absence of information to clarify the mechanisms by which the government is proposing to implement this policy. Why …
Rebel Economy Wrap
Egypt’s oil curse – part 2
Rebel Economy Wrap
Iraq Central Bank head suspended, Mubarak’s Laundromat
Scratching the surface of the financial crisis
For several weeks now, state-run media has been depicting a somewhat rosy outlook on the economy. Government officials are downplaying the gravity of issues; prominent figures such as Hassan Malek spew comforting statements,citing the pending influx of foreign investment and loans from international financial lenders and governments. The IMF loan , which would shore-up the …
Shell to sue Greenpeace
Shell and Greenpeace in a tussle over the Arctic