Energy News
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Egypt’s non-oil private sector extends contraction in April: HSBC
Business conditions in Egypt’s non-oil private sector economy worsened driven by an ongoing decline in employment.
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Egypt issues tender for second LNG import terminal -gas board official
Egypt has struck a number of LNG supply deals, including a March agreement with Russia's Gazprom to import 35 cargoes of LNG.
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Mubarak era business tycoon offers LE4.6 bn for reconciliation with government
One of the most prominent cases against the business tycoon involves exporting natural gas to Israel below market rates, resulting in losses to Egypt.
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Access Power supports Egypt’s renewable energy future
Access Power MEA is involved in every aspect of energy supply, from development to operation, and holds multiple power assets across the Middle East and Africa.
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Beach Energy Sees Egypt Interest Spurring Deal in Coming Months
Beach Energy Ltd. is making progress in efforts to sell its oil and gas holdings in Egypt and seeking to sign a deal in the coming months as the Australian explorer hunts for acquisitions at home.
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Egypt's Sisi approves $500 mn World Bank loan to expand natural gas grid
Earlier this month, the government signed a $400 million loan with the Bank for a pension welfare project which currently benefits 1.5 million poor Egyptian families.
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Egyptian Billionaire Naguib Sawiris Makes $100 Million from Sale of Mining Company
With this acquisition, the Sudanese government now has full control and ownership of the mining firm.
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ADNOC to start monthly oil product deliveries to Egypt next week -source
The deal to supply the products was agreed last year.
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Egypt to import $3.55 bn worth of LNG in 2015-16
Rising consumption and falling production has turned the country from an energy exporter to a net importer.
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MESIA holds renewable energy trade mission
Marriott Zamalek will host the event on 28-29 April.
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Egypt’s MIDOR signs $1.4 bn deal to expand refinery
The investment is part of a wider plan by the petroleum ministry to raise the domestic production of refined oil following an energy crunch that has lasted more than four years.
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New oil discovery in Western Desert
A well was drilled in the end of January and tests showed that it has layers of hydrocarbons.
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Egypt to begin LNG imports as floating terminal arrives
Hoegh signed a five-year contract with Egypt in November 2014 to provide the import terminal and the country has since agreed to a number of LNG import deals.
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Egypt: Fuel subsidy bill down 30%
Egypt spent 44.8 billion Egyptian pounds on fuel subsidies in the first half of the current fiscal year.
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Egypt's Sidi Kerir to pay dividend of LE1.65 per share
Petrochemicals firm posted annual net profits of LE996.6 million for the year ended in December, down from LE1.3 billion the previous year.
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Egypt-SIA examines solar goals, market conditions
The country’s New and Renewable Energy Authority (NREA) selected 69 large-scale projects of more than 20 MW last year as part of an initial renewable energy tender.
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Thailand's PTT keen to sell stake in gas pipeline business in Egypt
PTT bought the stake in EMG for $487 million.
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Egypt Fast Becoming A Hot Renewable Energy Market
Egypt is currently “On the Hot List of Global Renewable Power Developers”.
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Mashreq Petroleum storage project on track
Mashreq aims to take in a foreign partner to cover 40 per cent of the expenses of the second phase.
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MOPCO lists on EGX with EGP 2.3bn
MOPCO is third biggest nitrogen producer globally