OIL AND GAS

15 Oct 2018

The cabinet negates increasing fuel prices by 25%

CAIRO - 14 October 2018: The Cabinet negated raising fuel prices by 25 percent by the beginning of 2019. The statement was issued on Oct.14 in response to fake news that went viral on social media.

President Abdel Fatah al-Sisi stated in the 23rd Armed Forces Informative Session"...

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15 Oct 2018

Siemens and Bentley Systems Announce Integrated Asset Performance Management (APM) Solution for Power Plants

(AETOS Wire)-- The Year in Infrastructure 2018 Conference – Siemens and Bentley Systems have announced a joint technology and service solution, consisting of their complementary offerings, to speed up the digitalization of power plants and provide"...

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14 Oct 2018

Universal Laser Systems Celebrates 30 Years of Innovation

Universal Laser Systems, Inc. (ULS), a worldwide leading manufacturer of laser material processing systems, celebrates its 30th anniversary.

From establishment in 1988, its mission has been to advance the development"...

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10 Oct 2018

GE Power’s technology supports Egypt’s energy diversification and supply

GE Power announced Tuesday it won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM its joint venture with Atomenergomash. GE Power will supply the basic design of four conventional island, supply four nuclear turbine generator"...

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09 Oct 2018

Eni, Tharwa to end digging at Noor Field in December: Sources

CAIRO – 8 October 2018: Italian Company Eni and Egyptian Tharwa Company are expected to finish digging the first exploratory well in Noor Field in Northern Sinai before the end of next December, an official source at the petroleum sector revealed.

The source added that"...

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09 Oct 2018

Egypt to receive first Israeli gas in March

Egypt will begin importing natural gas from Israel under a $15 billion deal as early as March if an undersea pipeline connecting the Mediterranean neighbors is found to be in good condition, moving the country closer to its goal of becoming an energy-exporting hub.

Mohammad"...

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08 Oct 2018

Egypt signs deal for sale of stake in ENPPI

Cairo: Egypt has signed an agreement with three banks to manage the sale of a 24 percent stake in state oil company Engineering for Petroleum and Process Industries (ENPPI) on the Egyptian stock exchange, the petroleum ministry said on Friday.

The"...

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08 Oct 2018

Petroleum products subsidies up by EGP 10bn in Q1 2018/19

The fuel subsidies bill rose by about EGP 10bn during the first quarter (Q1) of this year, due to the rise in the price of oil barrels to about $84 a barrel, compared to the $67 stipulated in the general state budget.

A"...

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06 Oct 2018

Egypt stops gas imports, on its way to become self-sufficient

Petroleum Minister Tarek Al-Molla announced this week that Egypt will no longer import liquefied natural gas (LNG), saving the government the LE3 billion it earmarked annually to meet local demands.

The savings"...

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03 Oct 2018

Molla asserts global partnership importance in securing energy supply

Cairo: Petroleum Minister Tarek el Molla Tuesday underlined the importance of international partnership in securing energy supply at balanced rates for producers and customers which requires cooperation and coordination to ensure sustainability in supporting economies of nations.

...

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