Latest in Tag: Gulf of Suez Highlight
Latest in Tag: Gulf of Suez
ACWA Power negotiating inauguration of a wind farm in the Gulf of Suez
Negotiations have reached the final stages and the signing will take place within weeks
EBRD approves $50m loan for Gulf of Suez wind farm
The plant is to be located in the Gulf of Suez, approximately 40 km north-west of Ras Ghareb.
Minister of Housing, SCZone chief discuss plans of development in Gulf of Suez
The minister stressed the necessity of incorporating activities between the economic zone east Gulf of Suez and New Suez city, in order to integrate local communities, and to accommodate their activities in development plans.
Egypt, Neptune Energy sign exploration agreement for Gulf of Suez
El-Molla signs $8.5bn petrochemical complex project in new El Alamein
NREA to decide on Vestas’ offer to establish Gulf of Suez wind farm before end-2019
The source said the project’s capacity can be increased in case of securing larger funding.
Dragon Oil buys BP’s state in Gulf of Suez, plans to invest $1bn
Company aims to increase its total production of 300,000 barrels of oil in 2026
Vestas closest to win Gulf of Suez wind farm tender, Siemens likely excluded
Three companies were competing for the project, including Vestas, Siemens Gamesa, and Senvion.
NREA requests extra 3 months to examine bids for Gulf of Suez wind farm
Siemens Gamesa, Vestas, Senvion to approve request
NREA postpones receiving bids on Gulf of Suez wind farm to February
Decision came upon request of two of bidding companies
BP, EGPC sign $46m agreement for oil, gas exploration in Gulf of Suez
The Egyptian General Petroleum Corporation (EGPC) signed an agreement with the energy giant British Petroleum (BP) to explore and produce oil and gas in the northeast of the Ramadan concession in the Gulf of Suez with investments of $46m. The agreement was signed by the CEO of the EGPC, Abed Ezz El-Regal, and BP’s regional …
Egypt signs agreement with Schlumberger to conduct Gulf of Suez seismic survey
Egypt’s Ministry of Petroleum signed an agreement with international oil services company Schlumberger on Wednesday to conduct a seismic survey in the Gulf of Suez, according to a statement issued by the ministry. Earlier on Monday, during the first day of the Egyptian Petroleum Show 2018, Egyptian Minister of Petroleum Tarek El-Molla announced that the …
Toyota-Orascom-GD France alliance wins tender for wind farm in Gulf of Suez
The Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA) granted the Toyota-Orascom-GD France alliance a 20-year license to produce electricity from a wind farm in the Gulf of Suez. The project will generate 250 MW with investments of €250m. Sources from Egypt ERA said that a technical committee from the agency studied the …
EETC signs Gulf of Suez wind farm contract with Toyota-Orascom alliance
Investments amount to €250m, price set at 3.8 cents per kW/H
What are the incentives of the SCZone?
The SCZone has many investment incentives. The SCZone was established as an administration body with full authority over the Suez Canal axes with regards to all projects and activities within the geographical borders of the project, stepping above the governorates where these projects are. This eliminates government bureaucracy and gives investors the flexibility needed to …
4 companies compete to establish wind farm at the Gulf of Suez
Companies include Siemens and Vestas
Electricity Ministry signs with EDF Suez, Toyota, Orascom to establish Gulf of Suez wind power plant
Price set at 4.7 cents per kilowatt of energy produced
Mac Optic to build petrochemical plant in Gulf of Suez: Vice President
Company signed contracts with Nigerian companies, negotiations underway with Iraqi government for oil supply, says Radwan
Building Energy signs $200m project for 2 50 MW solar plants in Egypt
The project’s construction will start in summer 2016 and will take 12 months, creating over 1,000 jobs
15 projects worth $10m to be implemented with Chinese investments
Agreement includes five projects in electricity sector, six transportation projects and four Chinese direct investments projects
Gulf of Suez project exporting 270,000 tonnes of PET annually: EGPC official
The Polyester Producing Company, subsidiary of the Egyptian Petrochemicals Holding Company, exports 270,000 tonnes per year of polyethylene terephthalate (PET) while 150,000 tonnes of the product are provided to the local market, according to an official of Egyptian Petrochemicals Holding Company. He pointed out that the company, operating in an economic zone in the northwest …
Petroleum Ministry signs agreement to explore oil in Gulf of Suez
The contract was signed with RWE and Dove Energy oil companies with a minimum of $22.5m in investments
International bid for developments in Gulf of Suez
Qandil expects project will attract over $100bn in investments and create 700,000 new job opportunities
International bid for new electricity plant
2,000 megawatts lost over the last two days due to lack of natural gas
The EGPC issues new bid round for 20 blocks
By Islam Serour The Egyptian General Petroleum Corporation(EGPC) announced a new bid round for 20 blocks in the areas of the Eastern and Western Deserts exploration. Total investments according Hani Dahy, Chairman of the EGPC, is estimated to amount to $8.5 billion in the 2012-2013 fiscal year. Adel Saeed, the EGPC’s Vice Chairman for Agreements, …