OIL AND GAS

17 Oct 2019

Egypt plans to establish $1.2bn CSP solar power plants

Smart Engineering Solutions, in cooperation with the Ministry of Military Production, plans to launch concentrated solar power (CSP) plants and manufacture components of this system in Egypt with investments of $ 1.2bn.

Osama"...

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17 Oct 2019

Egypt negotiates with Kuwait increasing oil imports to 1M barrels per month

CAIRO - 16 October 2019: The Egyptian Government is currently negotiating with Kuwait increasing imports of crude oil to 1 million barrels per month, a source from the government told the Italian news agency Nova on Wednesday.

Egypt imports from Kuwait 2 million barrels of"...

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17 Oct 2019

Murray Energy Corporation Extends Forbearance Agreements with its Lenders and Elects Not to Make Interest Payments to Noteholders

As previously disclosed, on October 2, 2019 Murray Energy Corporation (“Murray Energy” or “the Company”) entered into forbearance agreements with lenders holding in excess of 50% of outstanding loans under its Superpriority Credit and Guaranty Agreement and with"...

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15 Oct 2019

Egyptian delegation visits Siemens Gas Turbine plant in Berlin

Cairo: A delegation of the Federation of Egyptian Industries (FEI) and Arab Organization for Industrialization (AOI) visited Siemens Gas Turbine plant in Berlin Monday.

CEO of Siemens Egypt Emad Ghali reviewed"...

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15 Oct 2019

Siemens Gamesa to develop 250MW Egypt wind project

Siemens Gamesa, a leader in the renewable energy industry, has been awarded a turnkey EPC (engineering, procurement and construction) contract by renewable power generation company Lekela for a 250MW wind project in West Bakr region of Egypt.

This"...

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14 Oct 2019

EETC to sign power purchase agreement with Siemens Gamesa within weeks

The Egyptian Electricity Transmission Company (EETC) will sign a power purchase agreement with Siemens Gamesa within weeks.

The cabinet approved at its last meeting to contract with the German company to implement"...

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13 Oct 2019

Doosan eyes participating in Dabaa Nuclear Plant, desalination projects in Egypt

Doosan Heavy Industries and Construction plans to participate in Dabaa Nuclear Plant as well as securing at least one big seawater desalination project to enhance the company’s sustainability in the next five years, said the company’s Country Director Cheolho Cho.

He"...

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13 Oct 2019

Gas exports fell to 100m scf/day due to low global prices

Egypt has reduced the amount of natural gas exported through the Idku liquefaction plant of the Dutch Shell Company to about 100m cubic feet per day (scf/day) compared to 500m scf/day in August.

A source in the"...

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12 Oct 2019

AOI negotiates with 11 international car companies to convert vehicles to natural gas

Prime Minister Mostafa Madbouly chaired a meeting in September on a national project to convert mini and micro buses to run on natural gas.

During the meeting, the Executive Director of the Micro, Small and Medium"...

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09 Oct 2019

Fluor, JGC and Technip Selected for Landmark Rovuma LNG Project in Mozambique

Fluor Corporation (NYSE: FLR) announced today that a consortium of Fluor, JGC Corporation of Japan and TechnipFMC of France was awarded an engineering, procurement and construction contract by Mozambique Rovuma Venture S.p.A. (MRV) for its Mozambique Rovuma Liquefied Natural Gas (LNG) Phase 1 Project in Cabo Delgado, Mozambique with an immediate release of a limited notice-to-proceed. Fluor will book its portion of this work in the fourth quarter of 2019. “Fluor is pleased to have been selected for this strategic development and to partner with a team that combines considerable LNG expertise and design build capabilities on the African......

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