Latest in Energy Highlight
Latest in Energy
Egypt plans to increase electric connection capacity with Jordan to 1,000MW
“Relations between two countries witnessing positive development in all fields, especially in electricity sector,” say sources
NREA postpones receiving bids on Gulf of Suez wind farm to February
Decision came upon request of two of bidding companies
Oil prices rose to $59.9 as supply declines
Economic growth slowdown in importing countries threatens OPEC’s efforts to increase oil prices
Utilities for Dabaa Nuclear Power Plant completed
Constructions of first 1,200 MW nuclear reactor will begin in July next year, establishment of second reactor will begin in January 2021
EMGF discusses unlocking region’s potential
We aim to secure supply, demand, get competitive prices: source
Government seeks to transform Egypt into regional energy hub benefiting from sector growth
The oil and gas sector has been a pillar to the Egyptian economy in the last few years, contributing about 15% to the GDP, especially after the 2011 uprising negatively affected the tourism and investment sectors, drying up foreign currency reserves. The Executive Vice President of Operations at Egyptian Natural Gas Holding Company (EGAS), Magdy …
Increase in amount of gas exported to Jordan up to nearly 100m cf daily: Petroleum Ministry
Contract signed between Egypt, Jordan to provide 10% of electricity plants’ needs, says source
‘Synergy’ chosen as adviser of West Nile solar power plant construction with 200MW capacity
Company already started construction work, installation of cells
Reviewing gas pricing produced from Zohr to take place by end of 2019 according to agreement: EGPC
Article to be added to new gas exploration agreements to allow amending prices two years from production start
Goldman Sachs Group Inc, IIF, expect lower oil prices in 2019
Each dollar increase in oil barrels from budget target costs state additional EGP 3 to 4bn to support petroleum products: Finance Minister
Irrigation Ministry, EBRD sign €148.3m agreement to finance Kitchener Drain development
Project includes collection, treatment of wastewater, solid waste management, rehabilitation of Kitchener infrastructure
State electricity companies exchange stagnant spare parts saving EGP 1bn annually
State-run electricity production companies began to exchange unused spare parts in their stores for maintenance, replacement, and renovation works. An official in the ministry of electricity informed Daily News Egypt that the decision aims to ration expenses, control purchases, facilitate spare parts trading, and save time spent in this process. The decision is expected to …
EETC intends to stop purchasing energy, allow private sector to directly sell production
Electricity ministry committed to current contracts, negotiations underway: sources
Western Desert produces 60% of Egypt’s crude oil: El-Molla
Minister called on foreign oil companies to intensify exploration efforts in region
Frienergy allocates $200m investments in energy projects
Negotiations with banking institutions to lend $180m, share in funding projects: chairperson of Frienergy
Three companies request land to establish wind farms worth $500m
Land plots of 80 skm needed to launch 400MW energy projects
Gasoline 95 price tied to Brent price, exchange rate, transport costs: Petroleum Ministry spokesperson
No intention to increase prices of other fuels until end of current fiscal year
Government negotiations to bring down Egypt’s $2bn fine for Unión Fenosa
Compensation of partners to stop pumping of gas to Damietta LNG Plant with part of revenue: Source
Ganoub El Wadi to float tender for oil exploration in 10 Red Sea sites
Importance of providing necessary data to start exploration activity in region, allow international companies to better assess opportunities, prospects of oil, gas reserves
Firnas Shuman hired as consultant for establishment of solar power plant in Kom Ombo
Arab Fund for Economic, Social Development to fund project, contractors to be selected after completion of studies
HCWW is preparing to submit a tender for development of Kitchener Drain
Preparing prospectus, awaiting letter of no objection from the financiers: Raslan
EGPC pays $3.1 per million BTUs produced from North Alexandria fields
The Egyptian General Petroleum Corporation (EGPC) is paying about $3.1 per million British thermal unit (BTUs) of British Petroleum’s(BP) share of the gas currently produced from the fields of northern Alexandria and the deep West Delta in the Mediterranean, according to the price formula linked to oil prices in world markets. A source at the …
Minister of Electricity meets with heads of distribution companies to discuss high bills complaints
False readings among reasons, solution is prepaid meters
Oil prices fell to $53 due to increased supply
Talks to extend OPEC deal to cut oil production in 2019
Egypt to start first phase of electricity interconnection with Sudan within three weeks
electricity exchange capacity with Jordan, Libya to reach 1,000MW
Fuel economy question, lubricants’ role in achieving it
New adopted rules call for average fuel efficiency across manufacturer’s fleets to reach equivalent about 92 mpg by 2030, up from 57 mpg in 2021
EETC signs agreement with Lekela Power to set up wind station next month
Three institutions lend $245m to project, OPIC funds Egypt for1st time
Schneider Electric supplies El-Hayez village in El-Wahat El-Bahariya with clean water using solar energy
Company creates irrigation system for 140 feddan
North Cairo Electricity Distribution Company receives offers to establish control centre, supply metres
Siemens, Toyota alliances compete for execution, JICA finances project
OAPEC ministers meet for 101st round in Kuwait
Reappointment of Al Bassam & Partners as auditor