Egypt Archives - Page 5 of 6

7th October 2020

Volkswagen Seeks for Incentives to Join Egypt’s Autogas Plan

Volkswagen is pushing for tax breaks and localisation incentives in Egypt before it commits to producing natural gas-powered vehicles in the country with the largest economy in North Africa. The...

30th September 2020

Egypt Inaugurates new Refinery Project in the Mostrod Region

As part of the Egyptian Ministry of Petroleum and Mineral Resources' plan to increase production and attain self-sufficiency in petroleum products, President Abdel Fattah al-Sisi of Egypt inaugurated the Egyptian...

26th September 2020

Egypt Signs New $934 Million Agreement for the Exploration and Development of Gas

In continuation of its program to attract more foreign companies to the development of its gas sector, Egypt recently signed eight (8) new exploration agreements worth $934 million this week....

25th September 2020

Egypt Surpasses Daily Crude Production Rate for the First Time in Almost 7 Decades

Egypt recently announced that it has exceeded its production rate of 650,000 barrels of oil per day (bopd) for the first time since the late 1950s. Atef Hassa, Head of...

17th September 2020

Eni Discovers New Gas in the “Great Nooros Area” Offshore Egypt

The operator of the Great Nooros Area, Eni, and its contractor member, BP, announced a new gas discovery in the Abu Madi West Development Lease in the conventional waters of...

9th September 2020

Egypt to Export 10 GW Surplus Electricity to Europe and Other African Countries

Egypt said it has started discussions to export 10GW of surplus energy to Europe and countries in Africa. The country aims to export to the European market with Greece and...

7th September 2020

EBRD grants $54 million to Acwa for Solar Power Plant in Egypt

The European Bank for Reconstruction and Development (EBRD) has provided $54 million to Acwa Power for the construction of the Kom Ombo solar photovoltaic power plant. The clean energy solar...

1st September 2020

Nigeria to Commence Sale of Gas at Filling Stations by the End of September; Promote Dualization of Car Engines

The Federal Government on Nigeria has announced the sale of gas to cars through selected filling stations across the country will commence by the end of September. The Government tasks...

20th August 2020

Siemens Energy and ETHYDCO Sign a long-term Service Contract in Egypt

Siemens Energy has inked a 10-year service contract with Egyptian Ethylene and Derivates Company, ETHYDCO, for the preventive maintenance of the Energy firm’s gas turbines. The agreement with the petroleum...

7th August 2020

Egypt: Government to Triple Natural Gas Filling Stations, Promote Dualisation of Car Engines

The Egyptian government has announced its plans to triple the number of gas filling stations in the country from 190 to 556 in 2020. Earlier this year, President Abdel Fatah...