Home
Loading...
You are here:  Home  >  Articles by Mohamed Adel
Latest

Marina tourist centre tender to take place early 2015: Housing minister

  /  October 29, 2014  /  Business  /  No Comments

Ministry planning to build 100,000 hotel rooms for tourists in north coast

Read More →
Latest

No backtracking on rice exports at EGP 2,000 per tonne

  /  October 29, 2014  /  Business  /  No Comments

Expected returns set at $1bn for exporters and $280m in returns for state due to export fee

Read More →
Latest

Sanmar aims for increased Egyptian investments in Egypt

  /  October 29, 2014  /  Business  /  No Comments

Company projects approximately $1.3bn investment and $150m injected into expansion of PVC production for 2015

Read More →
Latest

Carbon Holdings negotiating $400m Emirati investment in Tahrir Petrochemical Complex

  /  October 27, 2014  /  Business  /  No Comments

UAE may donate shares in the project to Egyptian government

Read More →
Latest

Government jeopardising EGPC finances: Petroleum ministry source

  /  October 25, 2014  /  Business  /  No Comments

Ministry of Finance refusing to provide the liquidity necessary to import liquefied natural gas, says official

Read More →
Latest

Government negotiates with Apache and British Gas to gas prices adjustments

  /  October 19, 2014  /  Business  /  No Comments

The Ministry of Petroleum is engaged in negotiations with British Gas, Apache, and other foreign companies to adjust gas prices for new projects linked with production in the near future. A senior official with the read the rest…

Read More →
Latest

EGPC offers tender for loan this month to pay a portion of dues to foreign oil and gas companies

  /  October 13, 2014  /  Business  /  No Comments

Petroleum ministry aims to pay $2bn-3bn of foreign dues by year-end

Read More →
Latest

At least 4 solar power stations to be established for government institutions to work with renewable energy – tenders out for 4 more : Onera chairman Wael El Nashar

  /  September 28, 2014  /  interviews  /  No Comments

Amid Egypt’s energy crisis and worsening power outages, the government has indicated that new and renewable energy could be part of the solution. The Daily News Egypt conducted an interview with Wael El Nashar, board read the rest…

Read More →
Latest

General Electric wins contract to supply 200 overland pumps for BAPETCO

  /  September 28, 2014  /  Business  /  No Comments

GE has also launched several major projects to generate power

Read More →
Latest

Barclays raises finance portfolio for small and medium enterprises to EGP 1.2bn

  /  September 24, 2014  /  Business  /  No Comments

Bank plans six new branches over next two years

Read More →
Latest

British Gas to finish connecting 500m cubic feet per day in Al-Borolos fields

  /  September 24, 2014  /  Business  /  No Comments

Egypt’s total production will increase to 5bn cubic feet by year end, says EGAS official

Read More →
Latest

Investment in petroleum sector linked to Egypt’s political orientation: Former minister

  /  September 23, 2014  /  interviews  /  No Comments

Former petroleum minister Osama Kamal and former EGPC vice president Medhat Youssef talk to Daily News Egypt about the problems in Egypt’s petroleum industry

Read More →
Latest

Egypt to reimburse share of foreign partner’s oil and gas revenues at $700m a month: Tarek El Molla

and   /  September 22, 2014  /  Business  /  No Comments

EGPC, petroleum sector companies register EGP 72.2bn profit during FY 2013/2014

Read More →
Latest

Gulf of Suez project exporting 270,000 tonnes of PET annually: EGPC official

  /  September 21, 2014  /  Business  /  No Comments

The Polyester Producing Company, subsidiary of the Egyptian Petrochemicals Holding Company, exports 270,000 tonnes per year of polyethylene terephthalate (PET) while 150,000 tonnes of the product are provided to the local market, according to an read the rest…

Read More →
Latest

New mineral resources law to be ratified by President within days

  /  September 21, 2014  /  Business  /  No Comments

25% of rent revenues directed toward developing governorates

Read More →
Latest

Government to offer bids to generate 8GW from coal and renewable energy: Salman

  /  September 16, 2014  /  Business  /  No Comments

The government hopes to offer two tenders to generate 8GW of electricity from new and renewable energies, said Minister of Investment Ashraf Salman on Tuesday. He added that there are also plans to construct power read the rest…

Read More →
Latest

Upcoming period is busy time for petroleum industry: Petroleum minister

  /  September 16, 2014  /  interviews  /  No Comments

Although there will be a $2bn in debts to foreign partners by year end, ministry has paid back $11.2bn to foreign companies during FY 2013/2014

Read More →
Latest

RWE injects $300m into its area of concession for FY 2014/2015

  /  September 13, 2014  /  Business  /  No Comments

Germany’s RWE, a Suez Oil Company (SUCO) partner, has increased investment allocations for the 2014/2015 fiscal year to approximately $300m compared to the previous $218m, according to a company official. The new investments will be read the rest…

Read More →
Latest

Fuel distribution monitoring via GPS and smart card system reduces smuggling by 60%

  /  September 10, 2014  /  Technology  /  No Comments

The official added that EGPC has recently faced difficulties in monitoring fuel distribution and following up on shipment arrivals at depots and then to stations.

Read More →
Latest

German government to sell stake in energy giant RWE to Russian billionaire

  /  September 9, 2014  /  Business  /  No Comments

Winner of the RWE bid is the second richest man in Russia

Read More →
Latest

Tanmeyah Company aims at EGP 30m profit by year’s end

  /  September 7, 2014  /  Business  /  No Comments

Tanmeyah buys new equipment to offer more services to oil companies

Read More →
Latest

Poor technical conditions in power stations worsen due to outages and wasted fuel: EGAS official

  /  September 7, 2014  /  Business  /  No Comments

Petroleum ministry supplies fuel to electricity worth approximately $72m per day

Read More →
Latest

Second phase fuel smart-card distribution to save EGP40bn: Former petroleum minister

  /  September 3, 2014  /  Business  /  No Comments

The government has so far distributed 2.6m out of the targeted 4.5m smart cards, said Tareq Al-Mula, chairman of the Egyptian General Petroleum Company (EGPC).

Read More →
Latest

Company invests EGP 2bn in construction of hypermarket: Supply minister

and   /  September 2, 2014  /  Business  /  No Comments

Private company to supply EGP 2bn to build chain of hypermarkets as part of plan to expand local trade markets in collaboration with supply ministry

Read More →
Latest

Feasibility study underway for propylene project through $1.5bn in investments: ECHEM official

  /  September 2, 2014  /  Business  /  No Comments

Three feasibility studies for petrochemical projects to be completed by 2015

Read More →
Latest

EGAS halts pumping of gas to Idku plant

  /  September 1, 2014  /  Business  /  No Comments

The Egyptian Natural Gas Holding company (EGAS) has stopped pumping gas to the Idku liquefaction plant operated by British Gas and GDF Suez, as a result of the increased use of gas by power stations, read the rest…

Read More →
Latest

Gas imports from Israel to save Egypt $10 per million BTUs

  /  August 30, 2014  /  Business  /  No Comments

LNG will not be sufficient to meet actual needs of all sectors: Medhat Youssef

Read More →
Latest

Daily increase of 100m cubic feet of gas production in Egypt

  /  August 27, 2014  /  Business  /  1 Comment

Deficit in fuel for electricity and gas equivalents now stands at 4m cubic metres daily at the expense of factories

Read More →
Latest

80% majority of Egypt’s natural gas production goes to power plants: Petroleum ministry report

  /  August 25, 2014  /  Business  /  1 Comment

Power plants currently receive 80% of Egypt’s natural gas production, equivalent to approximately 3.043bn cubic feet per day, currently the maximum supply rate, according to a report issued by the Ministry of Petroleum. Approximately 519.8m read the rest…

Read More →
Latest

Power crisis threatens industrial sector

  /  August 25, 2014  /  Business  /  1 Comment

Daily reduction of 725m cubic feet of gas at factories; gas supply to EBIC, Alexandria Fertilizers, and Egyptian Fertilizers stopped

Read More →