Latest Energy News
Electricity production costs to increase by 40%
The cost of the production of electricity is expected to increase by…
Allocations for petroleum product subsidies expected to increase after floating the Egyptian pound
Allocations for petroleum product subsidies expected to exceed previous amount of EGP…
Al Nowais negotiates with Finance Ministry to issue sovereign guarantee for Oyoun Moussa coal plant
Orascom Construction competes to establish Hamrawein plant; examination of offers to end…
Egypt has received fuel shipments worth $1.2bn from Aramco over the past 4 months: Petroleum Minister
The value of petroleum products exported by the Saudi Arabian company Aramco…
Renewable energy companies begin feed-in tariff 2nd phase negotiations
5 banking institutions, including IFC, EBRD, and EFD agree to finance projects
Arqaam Capital forecasts 16% increase for Elsewedy Electric’s gross profits by 2019
Elsewedy Electric’s net profits increased by 99.2% in the second quarter of…
EGPC signs partnership with Kuwait Energy for 15% of Iraq’s Seba gas field
Petrojet to carry out work on project for $200m
Dresser-Rand business to supply turbine-generators for Egypt’s Zohr gas field
The company will also provide a service package that includes spare parts…
EETC, Infinity Solar sign renewable power purchase agreement
German bank LP funds 85% of cost in US dollars, while AAIB…
Ministry of Electricity signs purchase agreement with solar companies
The minister has granted investors 10 days to complete the financial closing…