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Infrastructure 
Petrojet completes constructing deepwater facilities on Zohr ahead of schedule
Petrojet has completed the construction of deepwater facilities on the Zohr gas field one month ahead of schedule, Al Masry…
Energy
Arrears to IOCs brought down to USD 2.3 bn
Egypt has brought down arrears owed to IOCs to USD 2.3 bn, the Oil Ministry said, according to Reuters. The…
Dana Gas receives USD 40 mn in arrears from Egypt
Egypt repaid Dana Gas USD 40 mn that were overdue, CEO Patrick Allman-Ward announced. The payment, which came as part…
Egypt among six countries where renewables are least expensive option
Egypt is one of six countries where renewables are becoming the least expensive option, according to a report by renewable…
MIDOR increase refining capacity by 109% y-o-y in 1Q2017
Middle East Oil Refinery (MIDOR) raised its refining capacity by 109% y-o-y in 1Q2017 to 3.9 mn bbl of refined…
Khalda to invest USD 800 mn in drilling in FY 2017-18
Apache JV Khalda Petroleum will invest USD 800 mn in drilling 53 development wells and 38 exploratory wells in FY…
AFD offers EUR 150 mn for electricity, renewable energy technical assistance
The French Development Agency (AFD) wants to offer EUR 150 mn in technical assistance for electricity and renewable energy projects…
Misr Financial Investment Company to establish renewable energy subsidiary
The state-run Misr Financial Investment Company (MFIC) will establish a new renewable energy arm in July to build two 20…
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