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Afreximbank provides a USD 200 mn loan to finance state-owned MIDOR expansion plans
The EGPC received a USD 200 mn loan from the African Export-Import Bank (Afreximbank) on 31 July, which will be…
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Electricity Ministry moves ahead with plans to link Egypt-Sudan electricity grids
The Electricity Ministry appears to be moving ahead with plans to link our national grid with Sudan’s, according to Al…
Gas production at Egypt's 9B field to begin in October
Shell is due to begin production from its two deepwater wells at the West Nile Delta field 9B in the…
BP to begin drilling its first Gulf of Suez well by October
BP is set to begin drilling its first well in a concession in the Gulf of Suez by October of…
NREA to sign contracts with Spain’s TSK for 26 MW Kom Ombo solar plant next week
The New and Renewable Energy Authority (NREA) will sign the contracts with Spain’s TSK Group for the development of a…
EGPC signs USD 46 mn oil and gas exploration agreement with BP
The Egyptian General Petroleum Corporation (EGPC) signed a USD 46 mn agreement with BP yesterday for oil and gas exploration…
Egypt imports 35-40% of its fuel needs
Egypt currently imports around 35-40% of its fuel needs, an EGPC official tells Amwal Al Ghad. According to the official,…
Oil Ministry planning new petrochem, refinery projects in New Alamein City
The Oil Ministry is studying establishing several new petrochemicals and refinery projects in New Alamein City over the coming few…
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