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Eni acquires 70% of Edison’s stake in North East Hapi Mediterranean concession
M&A WATCH- Eni has acquired 70% of Edison’s stake in Block 12 of its North East Hapi natural gas concession…
Egypt rises six spots to 114th in World Bank’s Ease of Doing Business report
Egypt jumped six spots to rank 114th out of 190 countries in the World Bank Group’s 2020 Ease of Doing…
EETC signs EGP 656 mn in contracts with ELMACO, El Sewedy to supply transformers
The Egyptian Electricity Transmission Company (EETC) has signed two contracts with Elsewedy Electric and El Nasr Transformers and Electrical Products…
Cabinet signs off on Egypt’s waste-to-energy tariff at EGP 1.40 / kWh
CABINET WATCH- Gov’t signs off on waste-to-energy tariff: The Madbouly Cabinet approved yesterday setting the feed-in tariff (FiT) rate for…
Egypt exported 172.8 bncf of natgas in FY 2018-2019 via 45 cargos from Idku
Egypt exported 45 cargos of natural gas carrying a total of 172.8 bcf from the Idku liquefaction plant in FY2018-2019,…
UAE’s Dragon Oil to invest EGP 1 bn in newly acquired Gulf of Suez assets
INVESTMENT WATCH- UAE’s Dragon Oil to invest EGP 1 bn in newly acquired Gulf of Suez assets: Emirates National Oil…
Gov’t to set natgas, electricity prices twice a year for all industries
Gov’t looking into setting natgas, electricity prices twice a year for all industries: The government will revise the price at…
Shell to divest onshore assets in Egypt’s Western Desert to focus on offshore concessions
Shell to divest Western Desert onshore assets to focus on offshore concessions: Shell is planning to divest its onshore upstream…
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