OIL AND GAS

22 Jan 2017

The launch of new and renewable energy projects in 2017

Investors in the new and renewable energy sector have high expectations for 2017 to be a year of progress and to mark the beginning of implementing solar plant and windfarm projects.

Investors believe that the new and renewable energy market in Egypt is an attractive market for investment,"...

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21 Jan 2017

Egypt's GASC receives offers at wheat tender

The lowest offer at Egyptian state grain buyer GASC's wheat tender was $188.74 a tonne free on board (FOB) for 60,000 tonnes of Ukrainian wheat, Cairo-based traders said on Friday.

GASC received offers from eight suppliers, with six for Russian wheat and one each for Ukrainian and Romanian wheat, they said.

"Russia continues to dominate in terms...

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18 Jan 2017

Egypt's petroleum minister signs two oil and gas exploration deals

Egypt’s Petroleum Minister Tarek al-Molla signed two agreements for oil and gas exploration in the Western Desert and the Suez Canal regions on Tuesday.

Egypt aspires to increase its oil and gas production"...

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16 Jan 2017

Egypt sees gas self-sufficiency by 2018

Egyptian Minister of Petroleum Tarek el-Molla's statement is a major blow to potential Israeli gas exports to Egypt.

Egyptian Minister of Petroleum Tarek el-Molla expects Egypt to supply all of its own natural gas needs within two years, the Zawya news website, owned by Reuters news agency, has reported. This further"......

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15 Jan 2017

Cairo Oil endorses $6.5mn-investments in FY 2017/18 budget

Egypt-based Cairo Oil Refining Company (CORC) allocated investments worth 123 million Egyptian pounds (around US$6.5 million) among its budget for financial year 2017/18 to upgrade its refineries.

During his speech"...

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11 Jan 2017

Egypt to receive one million barrels of Basra light oil within days: ambassador

Iraqi Ambassador to Cairo Habib al-Sadr said an agreement has been signed to export one million barrels of Basra’s light oil to Egypt on a monthly basis. The agreement takes effect over the coming few days.

Speaking"...

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11 Jan 2017

Iraq to provide Egypt with first petroleum shipment in days: Ambassador

Iraq's Ambassador to Cairo Habib El-Sadr has said his country to provide Egypt with the first petroleum shipment from Al-Basra Oil Terminal within days, according to a recent agreement signed between the two countries, the MENA state new agency reported Tuesday. In December, Egypt's Petroleum Minister Tarek El-Molla"...

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10 Jan 2017

Egypt, Russia agree on bank guarantees and credit packages for Dabaa nuclear power plant

Egypt and Russia have agreed on a number of items included in the Dabaa nuclear power plant contract, including the items on credit packages and bank guarantees.

Government sources told Daily News Egypt that technical"...

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08 Jan 2017

Egypt, Cyprus discuss bilateral cooperation in petroleum, gas sector

Minister of Petroleum and Mineral Resources Tarek el Molla met with director of the Hydrocarbons Service at Cypriot Ministry of Energy Stelios Nicolaides.The two sides discussed chances of enlarging the benefit of gas and petroleum resources as"...

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04 Jan 2017

Power sector seizes 60% of natural gas consumption: Egypt's EGAS

Egyptian electricity sector seizes around 60 percent of state's total consumption of natural gas, an official source at the Egyptian Natural Gas Holding Company (EGAS) stated Tuesday.

Speaking to Amwal Al Ghad, the"...

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