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Oil Ministry studies refining Iraqi crude at MIDOR
The Oil Ministry is studying refining Iraqi crude at the Middle East Oil Refinery (MIDOR), unnamed sources tell Al Mal.…
Energy
Oil Ministry approves USD 8 bn strategy to develop petrochemicals sector
The Oil Ministry has approved a USD 8 bn strategy to develop refining facilities and the petrochemicals sector, Oil Minister…
SDX Energy prices Circle Oil’s assets in Egypt, Morocco at USD 30 mn in cash
SDX Energy said it is proposing to acquire the oil and gas assets of Circle Oil in Egypt and Morocco…
Siemens on track to bring Egypt’s largest power stations online in Feb -CEO
Siemens is still on track to making the three combined-cycle power plants fully operational next month despite challenges presented by…
EETC postpones transformer negotiations, cites lack of liquidity
The Egyptian Electricity Transmission Company (EETC) has postponed negotiations with six companies to establish four power transformer stations with an…
Electricity Ministry to sign 250 MW Gulf of Suez wind farm contracts within weeks -sources
The Electricity Ministry should be signing the contract with Toyota, JD France, and Orascom for the 250 MW wind farm…
EGP float weakens appetite for wind farm projects in Egypt
Investor are losing appetite for wind farm projects under the feed-in tariff (FiT) program following the EGP float. The terms…
Electricity Ministry considers reducing fuel oil used in production
The Electricity Ministry is considering reducing fuel oil used in production to reduce the financial burden on the Egyptian Electricity…
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