Latest in Tag: Fuel Highlight
Latest in Tag: Fuel
EGP 500m to construct solar powered compound
MCR will run global tender to choose company that will be responsible for implementing 1 MW solar power plant
Al-Ezz Dekheila Steel Company suffers losses, unstable gas supply
Steel producer will consider alternative sources of energy to make up decline in steel production due to natural gas shortage
Bridgestone offers new Ecopia fuel saving tyres
New tyre saves 12% of fuel consumption, will be offered to trucks from August: Ahmed Yehia
NCFPMAC urges Al-Sisi to stop ‘government recklessness’ in fuel price increases
Transportation fares expected to increase due to lack of government supervision, centre said
Foreign partners’ dues now amount to $3.5bn: EGPC Official
Fuel subsidies were trimmed through this fiscal year to EGP 100bn to face budget deficit
Government approves American technology to convert butane to fuel for industries: Arab Energy
Butane in its regular state is of high density and cannot be pumped through pipelines, however, after mixing it with air, it converts into the same technical characteristics as natural gas, according to Abu Bakr.
Government should repay all fuel dues to foreign partners: Official
An oil company official said the government should repay full dues to foreign partners and approve gas price amendments that have been agreed upon to stimulate investments in the sector. Egypt will face stability in oil and gas production rates during fiscal year 2015/2016 as a result of a number of companies reducing their investments, …
Petroleum Ministry denies airline request to pay for fuel in EGP
Airlines exempted from paying in dollars for a year, import burden disallows continuation, says El Molla
UAE firm to develop efficiency of 7 thermal stations in Egypt
Electricity ministry says that Egypt can save $62m annually through improving quality of consumed fuel
Availability of fuel, obtaining licences challenges facing Arabian Cement in Egypt: CEO
Jose Maria Magrina asks government to promptly consider and resolve issues and complaints of existing investors in Egypt
LNG: The way forward
By Ahmed M El-Wahsh Euro-commodity brokers earned a large share of meticulously watched endeavours to source Egypt with approximately $2bn worth of liquefied natural gas [LNG] as they exert great efforts to develop into a sector, which is characteristically governed by large oil corporations. The following three leading companies; Trafigura, Noble Group and Vitol will …
EGP 10.5bn to support budget deficit by Egyptian banks
NBE-led union collects loan worth $1.5bn to pay portion of the dues of foreign oil companies operating in Egypt
Cement prices stable: Supply minister
No ministry obligation to stabilise prices, cement prices vary according to market changes, says Suez Cement chairman
Inflation rate rose by 0.7% in October
Higher energy prices may be driving inflation, says former IMF assistant
Government to begin 2nd and 3rd phase petrol distribution system implementation: Cabinet
Cabinet economic group agrees on new oil agreements with minimum investments of $1.3bn
Fuel distribution monitoring via GPS and smart card system reduces smuggling by 60%
The official added that EGPC has recently faced difficulties in monitoring fuel distribution and following up on shipment arrivals at depots and then to stations.
Egypt needs $12bn in next 5 years to address electricity crisis: Al-Sisi
Power stations need $700m worth of fuel supplies per year
Government allows private sector participation in renewable energy production: Electricity minister
Ministry of electricity seeks to address the electricity crisis by diversifying production sources to include solar and wind energy
Power crisis threatens industrial sector
Daily reduction of 725m cubic feet of gas at factories; gas supply to EBIC, Alexandria Fertilizers, and Egyptian Fertilizers stopped
Egypt’s power crisis worsens as outages approach five hours per day
Electricity deficit increases to approximately 6,180MW, no solution in sight
Inflation sees biggest monthly surge since 2008
Increased demand on commodities and fuel prices behind the 3.3% month on month rise in inflation, CAPMAS says
Egypt has potential to grow, but sustainability depends on government: World Bank
Pace of growth in seven Middle Eastern countries remains “far below” the rates expected in the 2000s, the World Bank indicates
EGPC tracking distribution of fuel through GPS to prevent smuggling
EGPC’s inability to follow-up on the fuel distribution process made it face problems tracking smuggling.
Power stations boosting fuel consumption at expense of industrial sector: EGAS
Fuel station deficit worth 6m cubic metres of gas and equivalent daily
Sinai Cement begins preparations for coal usage
Company will link with local contractors and suppliers to equip factory for coal using capabilities
Petroleum ministry proposes petrochemical projects worth $540m to UAE
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum. The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tonnes of molasses annually, with investment in the project totalling $250m. The …
Economists forecast inflation jump in July following fuel price hikes
CBE can control inflation rates through increasing interest rates orVice Chairman of Egyptian Association for Financing and Investment Studies
Industrial Development Authority to reclassify ‘energy intensive’ industries
IDA is looking to categorise factories by energy consumption in order to approve industry projects that do not need large amounts of electricity
Unsustainable solutions to unsustainability
Subsidy reform was inevitable. That’s what President Abdel Fattah Al-Sisi and his supporters said this week when fuel prices were raised and taxes on some consumer goods were hiked. And they aren’t wrong. The “social contract” between the government and its people has clearly become unsustainable as deficits increased, especially over the past three years. …
Government to bolster transport system with EGP 1.4bn
Ministers agree on package to develop and reform transport system in wake of subsidies cut