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What we’re tracking on 14 October 2019
The annual meetings of the IMF and World Bank start today and wrap up on Sunday, with the talk of…
energy
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KarmSolar signs EGP 230 mn loan agreement with Banque Misr
KarmSolar has signed a EGP 230 mn loan agreement with Banque Misr to build 24 MW solar power plants, CEO…
Idku natgas exports reduced by 80% since August -source
Natural gas exports from Shell’s Idku terminal have been reduced by 80% since August due to low global prices and…
Egypt targets 700k bpd of crude oil and condensates in FY 2019-2020 -El Molla
Egypt aims to produce 700k bpd of crude oil and condensates in FY 2019-2020, Tarek El Molla said in a…
ADES wins second deepwater drilling contract in Egypt
ADES SAE has signed a second deepwater drilling contract in Egypt’s Mediterranean waters with an unnamed international oil company, the…
Rosatom to break ground on Egypt’s Dabaa plant by mid-2020
Rosatom’s Atomstroyexport (ASE) expects to break ground on the construction of the USD 30 bn Dabaa nuclear power plant by…
NREA to study Vestas’ bid for 250 MW Ras Ghareb wind plant on Sunday
The New and Renewable Energy Authority (NREA) will on Sunday study an offer from Denmark’s Vestas for the tender to…
Egypt reduces natural gas production amid lower demand
The Oil Ministry has reduced Egypt’s natural gas production to 6 bcf/d, from 7 bcf/d after lower domestic and international…
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