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NREA looking to split into a holding company, regulator
The New and Renewable Energy Authority (NREA) is looking to restructure itself and split into two separate entities, Chairman Mohamed…
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Maersk sells its 50% stake in Egyptian Drilling Company to EGPC
Maersk Drilling agreed to sell its 50% stake in Egyptian Drilling Company to the EGPC for USD 100 mn, Reuters…
Shell in talks with Oil Ministry to increase its share of gas produced at Phase 9B
Shell has apparently entered talks with the Oil Ministry to increase its share of gas produced to offset their investment…
Electricity Ministry discusses grid interconnectivity project with Libya
Electricity Minister Mohamed Shaker discussed cooperating on developing our western neighbor’s electricity infrastructure with the head of Libya’s General Electric…
Lekela Power signs PPA with EETC for 250 MW Gulf of Suez wind farm
Lekela Power has signed a power purchasing agreement with the Egyptian Electricity Transmission Company for its USD 400 mn, 250…
Misr Petroleum begins trial runs on Badr oil storage complex
Misr Petroleum has begun trial runs on its USD 30 mn petroleum storage complex in Badr City, Ahram Gate reports.…
Naftogaz’ Egypt operations see profits this year for the first time since 2007
Ukraine’s Naftogaz reported that its oil and gas operations have seen a profit for the first time since 2007. “This…
Oil Ministry expecting Egypt’s natgas output to reach 6.4 bcf/d by mid-2018
Egypt’s natural gas output is expected to reach 6.4 bcf/d by mid-2018, by which time Zohr will be producing 750…
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