Energy News
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Egypt to pass mining and industrial land laws next week -minister
Investors say they have still only seen the general outlines of promised legal and bureaucratic reforms.
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Pipeline owner denies role in Egypt-Israel gas deal
Reports said Eastern Mediterranean Gas would be conduit to direct gas from Israeli offshore gas field to Egypt.
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Egypt to launch tender for second LNG import terminal: Source
Egypt to buy a second LNG regasification floating unit to be able to import gas.
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BP to invest $12B in Egypt over five years
BP is committed to unlock Egypt’s oil and gas potential and gradually double its gas supply during this decade.
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Saudi Shaheen Group invests EGP 500m in Egypt
Group Chairman says these investments will be directed to agricultural and solar projects.
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Egypt, EU sign agreement on combating industrial pollution
The total cost of the third phase reaches €150 million to which the European Investment Bank Group will contribute €70 million.
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Egypt to import LNG from Algeria
After Egypt's deal with Norway to construct regasification unit, it now makes deal with Algeria for LNG.
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NBAD, HSBC, NBE arrange $1.5 bln syndicated loan for state oil company
Each bank would arrange $500 million of the loan in order for Egypt to pay back foreign energy companies.
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Egypt to get €1bn EU donations to boost energy sector
Moran declared a main plan in Cairo over investments and technologies used in the energy field.
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Egypt pays back $2.5 billion deposit to Qatar: central bank official
The payment brings the amount Egypt has returned to Qatar to $6 billion, leaving $500 million outstanding.
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UAE's Dana Gas in talks with Egypt over revising gas prices
Cairo has begun negotiating with international energy firms including Italy's Eni and Germany's RWE DEA.
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Egypt in talks to import Cypriot natural gas
Gas can be piped directly to Egypt from the field off Cyprus' southern coast that is estimated to hold 3.6 trillion to 6 trillion cubic feet of the fossil fuel.
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Egypt should go green - but why?
Egypt's energy crisis does not only harm households but industries, which in turn reflects in poorer economic performance.
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Tamar gas group plans upgrade, including pipeline to Egypt
Tamar has been supplying Israel with natural gas since coming online last year.
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SacOil looks at Mozambique, Egypt
SacOil acquired the Lagia oil field on Egypt’s Sinai peninsula.
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Solar energy production falls by 48%: Baseera
Electricity from solar power totalled 247m KWh in 2012/13, compared to 479m KWh 2011/12.
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Naftogaz's oil and gas business in Egypt more revenue stream than energy source
Ukraine’s state energy company Naftogaz is finally reaping the rewards of his overseas prospecting ventures.
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Egypt spent $3 bln on fuel subsidies in the first quarter
The government cut energy subsidies in July, raising fuel prices by up to 78 percent.
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BP Egypt, partners to invest $240 million in Egyptian blocks
BP holds 50% interest in the Denise-Karawan (Deka) natural gas development offshore the Nile Delta, which started production in August.
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Citigroup says Persian Gulf aid for Egypt may wane on Oil
This could complicate plans by the government to issue as much as $1.5 billion of bonds next year.