OIL AND GAS

27 Jul 2014

Egypt’s Least Bad Option for Addressing Energy Troubles

A proposed deal to export Israeli natural gas through Egypt has the potential to enable Israel’s entry into its first major export markets, help Egypt escape a deepening energy crisis, and welcome the first European players into Israel’s natural gas industry. However, the deal"...

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27 Jul 2014

Taqa Arabia to expand its network of fuel stations in Egypt

Qalaa Holdings (formerly Citadel Capital) announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa Oil Marketing Company.

The company currently offers comprehensive services with the highest levels of quality, through 36 state of the art gas and fuel stations nationwide.

Taqa Arabia’s...

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26 Jul 2014

Egypt: World Bank -U.S. $500 Million Loan to Connect 1.5 Million Households in Egypt to Natural Gas

The World Bank's Board of Directors Friday approved a loan of US$500 million for a project aimed to expand natural gas access to 1.5 million Egyptian households in eleven governorates, including three governorates (Sohag, Qena and Aswan) located in Upper Egypt, where poverty levels are the"...

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26 Jul 2014

World Bank project to cut Egypt's energy subsidies by $301.5 million

The Household Natural Gas Connection Project is designed to reduce energy costs for households and lower the government's subsidy bill.

Egypt's government looks set to save $301.5 million annually in subsidies by connecting 1.5 million households to the natural gas grid.

The"...

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26 Jul 2014

Circle Oil story starts to take shape as Egypt stabilises

The return to a more stable political footing for Egypt is expected to coincide with an upturn in foreign investment.


For those already in the country, among them Circle Oil"......

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26 Jul 2014

Egypt to continue expanding household connections to natural gas grid

Ahmed is an elderly man with weather-beaten skin who spends long hours on an old bicycle selling gas cylinders from door-to-door in Cairo, alerting customers to his wares by tapping the cylinders with a piece of metal. With the official price of a gas cylinder is 8 Egyptian pounds, Ahmed"...

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24 Jul 2014

Egypt Likely to Pay Higher Price for Algerian LNG

Egypt will most likely pay a high price for the Algerian LNG it plans to import to meet domestic demand, reports Wall Street Journal quoting industry officials.


Media reports in June said Algeria has agreed to deliver to Egypt"......

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24 Jul 2014

Delay in imports of gas for electricity threatens the industrial sector in Egypt


Egyptian Natural Gas Holding Company (EGAS) has stopped pumping gas to Misr Fertilizers Production Company (MOPCO), Egyptian Fertilizer Company (EFC), and Egyptian Basic Industries Corporation (EBIC) factories"...

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24 Jul 2014

Egypt to pay-off all foreign oil firm arrears by 2017

The Egyptian government has planned to pay-off all of its arrears to foreign oil firms by 2017, said a report. Its previous plan was to pay EGP21 billion ($3 billion) out of a total of EGP42 billion by that time, said the Amwal Alghad report. The Ministry of Petroleum is set to pay EGP10.5"...

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23 Jul 2014

Aiding through investing: Egypt proposes $540 million worth of petrochemical plants to the 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"...

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