OIL AND GAS

16 Jan 2020

Optimism among energy investors amid demands to accelerate tenders, projects-

ACWA Power is implementing a 2,250MW power station in Luxor, and also signed contracts to implement a solar power plant in Kom Ombo with a capacity of 200MW, besides competing for several tenders to implement projects with varying capacities, Country Director of ACWA Power Hassan Amin said.

"...

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15 Jan 2020

Electricity Min. to stop collecting cleaning fees starting July

Cairo: Minister of Electricity and Renewable Energy Mohamed Shaker announced on Monday removing the cleaning fees from the monthly electricity bill starting July 2020.

Shaker’s remarks came during a meeting"...

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15 Jan 2020

Eni to start gas production of Zohr’s last well next week

Italian Eni will start commercial production of the 14th well in the Mediterranean’s Zohr gas field next week, bringing the total production capacity of the project to about 2.3bn cubic feet per day (scf/day).

Eni"...

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15 Jan 2020

Egypt's Orascom Construction adds $770m to its Q4 project backlog

Egyptian infrastructure and engineering group Orascom Construction added $770 million (Dh2.83 billion) to its project backlog in fourth quarter of the last year, boosted by new project awards in its home market.

The"...

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06 Jan 2020

Egypt holds domestic fuel prices steady

Cairo: Egypt left domestic fuel prices unchanged on Thursday at the second meeting under an IMF-backed pricing mechanism that links energy prices to international markets, the petroleum ministry said in a statement.

At"...

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02 Jan 2020

Petroleum min., oil sector leaders discuss work priorities in 2020

CAIRO, Dec 31 (MENA) - Petroleum Minister Tarek Al Molla discussed with the ministry's senior officials and officials of the Egyptian General Petroleum Corporation (EGPC) work priorities in the new year, stressing the importance of coordination between EGPC and its affiliated companies....

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31 Dec 2019

ExxonMobil acquires land for big Egypt exploration

ExxonMobil, a leading international energy company, said it has secured more than 1.7 million acres for exploration offshore Egypt.

The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypt’s"...

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30 Dec 2019

Egypt awards oil exploration concessions in Red Sea for first time

Chevron, Shell, and Mubadala have been awarded oil and gas exploration concessions in the Egyptian Red Sea area in an international tender, the Ministry of Petroleum announced on Sunday.

Minister of Petroleum"...

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24 Dec 2019

Everfuel Awarded Grant for the Establishment of a Large-Scale Hydrogen Production Facility in Denmark

Everfuel Europe A/S (Everfuel) has been awarded in excess EUR 6 million from the Danish Energy Agency for the project HySynergy, which aims to establish a large-scale, electrolysis-based hydrogen production facility at the Shell refinery in Fredericia, Denmark.

“We"...

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23 Dec 2019

Egypt to begin gas imports from Israel by mid-Jan 2020: industry source

Cairo: Egypt will begin importing natural gas from Israel by mid-January 2020, a senior industry source said on Sunday.

Israeli gas exports to Egypt will gradually reach 7 billion cubic metres, the source said"...

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