OIL AND GAS

14 Aug 2019

Gov’t invests 19M euros in solar energy

A total of 19 million euros have been invested by the Renewable Energy Authority in the field of solar energy, and 150 million euros allocated to future projects, head of the authority Mohamed al-Khaiat said.

An electricity plant of 26 megawatts capacity based on solar energy"...

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11 Aug 2019

Egypt ERA sets grid fees for electricity producers

Cairo: The Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) announced electricity grid fees for producers via bilateral contracts with consumers.

Sources familiar with the matter"...

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04 Aug 2019

Cairo Airport obtains license to distribute electricity for five years

Cairo International Airport has obtained a license from the Egyptian Electric Utility and Consumer Protection Regulatory Agency to distribute electricity for five years, and the license shall be renewed annually.

Daily"...

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04 Aug 2019

Exxon Mobil profit sinks, Chevron rises as both boost output

Weaker second-quarter refining and chemicals profits offset surging U.S. shale production at U.S. oil majors Exxon Mobil Corp and Chevron Corp, the two reported on Friday.

Exxon’s topped analysts’"...

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01 Aug 2019

Egypt says offshore gas discoveries bolster ties with Cyprus

NICOSIA: Egypt’s foreign minister says hydrocarbon finds in the eastern Mediterranean have bolstered an already “strong partnership” with neighboring Cyprus.
Minister Sameh Shoukry said after talks Wednesday with Cypriot counterpart Nikos Christodoulides that Egypt"...

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01 Aug 2019

KarmSolar sells electricity to Dakahlia Poultry in Egypt

Cairo: KarmSolar has completed the construction of a 5MW solar power plant in Minya and started selling the electricity produced from the project to Dakahlia South Valley Poultry Company.

Ahmed Zahran, CEO of"...

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30 Jul 2019

Egypt, Israel consider $15bn natural gas facility in Sinai

Egypt and Israel are mulling constructing a $10-15 billion liquefaction facility on the Red Sea in Sinai for export to Asia, reports the Globes, following a visit to Egypt by the Israeli Energy Minister Yuval Steinitz last week.

“The"...

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30 Jul 2019

Egypt's Maridive and Oil Services unit wins India order

A unit of Egypt's Maridive and Oil Services has signed a new construction contract worth $160 million in India, it has been revealed. Maridive's Valentine Maritime will deliver engineering, procurement, installation, and commissioning services for several pipelines on a turnkey basis, according to a statement to the Egyptian Exchange (EGX) said a Mubasher report. “With this contract secured, Maridive’s backlog for the period 2019-2021 now stands at $410 million,” the statement added. tradearabia ...

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29 Jul 2019

Egypt seeks renewal of crude oil supply deal with Kuwait

KUWAIT CITY, July 28: The Egyptian government has requested for renewal of its crude oil supply contract with Kuwait, provided the new contract stipulates doubling the quantity of crude oil supply and amendment of the eligibility scale, reports Al-Rai daily quoting sources.

Egypt"...

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29 Jul 2019

Maridive & Oil Services secures $160M construction contract in India

ArabFinance: Maridive & Oil Services Co. (“Maridive” or the Group, MOIL.CA on the Egyptian Exchange), one of the largest private offshore marine and oil support services providers in the MENA region by number of vessels, announced today that the Group’s construction"...

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