Latest in Energy Highlight
Latest in Energy
Libya’s oil production rises to 6-year high putting pressure on OPEC deal
Brent crude oil prices stand at $66.37 per barrel in Monday trading driven by OPEC supply cuts
Globaltronics to produce electricity metres which can be topped up via Bluetooth, mobile phones: VP for R&D
Supply, installation of smart metres to be completed before H2 of 2019
ABB to expand its investments in Egypt by 40% in 2019
Company plans investing in El-Dabaa Nuclear Power Plant, Egypt-Cyprus interconnection project, says managing director of ABB Egypt
Egypt’s gas production to increase to 7bn scf/day next June
New explorations have contributed to increasing production by unprecedented levels, says source
Petroleum Ministry entitles Cairo Arbitration Centre to solve disputes with foreign partners
Exploration site to be withdrawn from contractor if it fails to provide development lease application within 2 years
EGAS granted right to issue gas import licenses to private sector: source
Companies stopped importing gas after Egypt’s production increased
Saudi Arabia to relaunch electrical interconnection tender with Egypt in June
Neom project’s cost increases by $900m after alterations
EETC signs EGP 590m-worth contracts to replace North Cairo-Heliopolis aerial line
Project to be implemented by Energya-Elsewedy, Chinese-Egyptian coalitions, funded by ISDF
Government considers issuance of financial guarantee for Hamrawein coal-fired electricity plant
Finance Ministry to meet with officials from CDB next month, signing will be made before mid-year
Egypt’s non-oil private sector’s activity decline to lowest point since September 2017
Country’s non-oil private sector activity declined to 48.2 in February, down from 48.5 in January
Petroleum Ministry to launch 3 oil, gas exploration tenders in 2019: El-Molla
The Ministry of Petroleum and Mineral Resources aims to launch three international oil and gas exploration tenders in 2019, in an effort to increase domestic oil and gas production rates, the Minister of Petroleum, Tarek El-Molla, told Daily News Egypt on Tuesday. El-Molla said that one of the bid rounds by the Egyptian Natural Gas …
Yellow Door Energy to launch $50m solar power plants in Egypt
New investments of $150m to be injected in company end-2019, says Sadder
Electricity distribution companies oblige users to purchase LED lamps to install prepaid electricity meters
Electricity distribution companies have been spotted obliging users to purchase LED lamps before installing their prepaid electricity meters. Daily News Egypt has witnessed the obligatory selling of LED lamps to citizens before they paid the fees for their meters. Informed sources told Daily News Egypt that the main reason for this move was due to …
Sudanese unrest halts power interconnection with Egypt
EETC completes about 70% of its targeted FY 2018/19 investments, says chairperson
GASREG grants 18 companies natural gas shipping, supply, distribution licenses
EGAS obtains two licenses for shipping, supplying gas, says source
Shell’s production from Burullus, Rashid gas fields fell by 150m scf/day
Up to 100m scf/day to be added to phase 9B in 1H19
Egyptian-Chinese alliance offers to sell solar power to BMIC
$80m investments to be injected in project, ADB approves fund
Egypt’s gas exported to Jordan increases to 350m scf/day: petroleum minister
Contract with Jordanian Ministry of Energy is changeable according to demand
Gas exports through EDCO increase to 800m scf: Petroleum Minister
Egypt returns to exporting liquefied gas to international markets after achieving self-sufficiency
Tremendous efforts to exploit Egypt’s mineral wealth: El-Molla
Investments for project estimated at $800m
Oil prices hit $67 per barrel, driven by production cuts
OPEC seeks extending production cuts until April’s meeting
Acwa Power to finalise 3 projects worth $200m in Benban end-June
Company awaiting cabinet’s approval for 500MW wind project, says Hassan Amin
China’s GCL negotiates with Military Production Ministry to establish solar panel complex
Chinese company bids to launch 600MW solar energy plants
EETC to increase investors’ cost shares in Benban project by 25% each
The Egyptian Electricity Transmission Company (EETC) intends to increase the cost share of each investor in the solar energy project in Benban, Aswan by 25%, a source at the company told Daily News Egypt. Investors were verbally notified of the raise a week ago, the source added, stressing that an official letter will be sent …
Eni to complete implementation of Zohr’s sixth processing unit within days
Project’s production will increase to 2.3bn scf/day by March
Egypt’s gas production increases to 6.8bn scf/day
Domestic market consumption drops to 5.5bn scf/day, says source
UFG denies reaching settlement agreement with Egypt
Company says guarantees offered are not sufficient
Petroleum Marine Services signed 35 contracts worth EGP 298m in 2018
El Sayed El Badawy, head of the Marine Petroleum Services Company, has signed 35 contracts during the past year worth EGP 298m, which is one of the highest contracts in the history of the company. In addition, the company also purchased new assets in the marine unit for transportation and supply. El Badawy explained that …
Abu Qir Petroleum considering drilling new well with investments of $30m
Company plans to finish 5 wells to add about 5,000 barrels of oil equivalent to daily production rates
NIB drops suits against electricity companies before Economic Court
Negotiations with government agencies to schedule EGP 200bn during current year, says Montaser