Energy News
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Saudi company Acwa Power to invest $12bn in Egypt
Acwa will not negotiate MoU until projects are decided upon.
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Rosneft delivers its first LNG shipment to Egypt
The delivered cargo of LNG is the first one in Rosneft’s operational history.
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Siemens books big Egypt order, underlying profit jumps
Orders grew 7 percent to 22.3 billion euros, boosted by a 3.1 billion euros order for power plants in Egypt.
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Devaluation intensifies Egypt's non-oil business slowdown in April
The PMI indicator posted 46.9 in April, up from a 31-month low of 44.5 in March but still below 50.
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Germany to build solar park in Egypt
The MOU and discussion came during the visit of the German Federal Minister for Economics and Energy, Sigmar Gabriel with business delegation to Egypt
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Egypt to announce bids for oil exploration in April
Bids will be launched in 11 blocks in the Western Desert and the Gulf of Suez before the end of April.
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ENGIE signs two energy deals with Egypt
ENGIE and its partners are already conducting a number of renewable energy projects in Egypt.
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3 power plants for Egypt for EUR 6 Billion
The total investment cost for the three power plants in Beni Suef, Burullus and New Capital will run to EUR 6 billion.The biggest in Siemens' history.
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Egypt to cut fuel subsidies as govt seeks to reduce deficit
Finance Minister Amr El-Garhy told a news conference state energy subsidies would fall to 35 billion Egyptian pounds from 61 billion.
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Egypt's non-oil business activity slows for sixth month in a row
The economy grew around 4.2 percent in 2014/15 and is expected to grow around 4.4 percent in 2015/16.
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SDEC is Now Under the Auspices of the Ministry of Environment
Sustainable Developments Exhibition & Conference brings global industry leaders together to deliver sustainable developments for future generations.
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Ramping up gas production in Egypt
Egypt’s upstream gas industry is attracting multi-billion-dollar investments as it looks to meet rising domestic demand.
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Egypt fails to secure April LNG shipments
Traders said the first delivery window was difficult to arrange given the short notice period.
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Four firms bid to import gas for Egypt market
Egas in talks with the companies to provide them with the necessary data in order to give them the initial approval.
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Apache With Shell Eye Egypt for Unconventional Gas in June
Apache and Shell will start drilling first unconventional gas well in a pilot project by the end of March.
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SDEC Kicks off sustainable development in Egypt
SDEC brings global industry leaders together to deliver sustainable developments for future generations.
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Egypt lowers gas prices to steel manufacturers by 36pct
The decision is estimated to save the country $1.1 billion in foreign currency currently spent on importing billet and raise production and exports.
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Egypt's EGAS makes first LNG payments for year
Egypt became a major market for LNG shippers after the launch of two floating import terminals last year.
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UAE, Egypt equities seen returning best returns
The boom and bust cycle of oil will decrease as “countries that have depended on oil and not been competitive go through structural reforms.”
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Egypt SuMed Pipeline Yet to Accept Iranian Oil After Sanctions
Arab Petroleum Pipelines Co., which operates the link known as SuMed, is reviewing terms of the agreement that removed sanctions on Iran in January.