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You are here:  Home  >  Articles by Mohamed Adel
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Petroleum ministry to open bids for shale gas exploration in 4 areas in Western Desert

  /  November 22, 2014  /  Business  /  No Comments

Agreement with foreign partners to increase duration of projects to more than 20 years, says EGAS official

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Government to re-pump gas to EBIC

  /  November 18, 2014  /  Business  /  No Comments

EGAS pumps 60% of factories’ fuel needs after Sawiris donates EGP 2.5bn to Long Life Egypt fund

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British Gas postpones project due to late payment of government dues: Egygas official

  /  November 18, 2014  /  Business  /  1 Comment

Extension of Borollos fields project delayed until early 2016, claims official

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Gaz de France, British Gas to sign agreement to link West Borollos field to Delta processing station

  /  November 16, 2014  /  Business  /  1 Comment

The French energy group will add 100m cubic feet of production by 2018

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EGPC will bear LNG import expenses through June: El Molla

  /  November 10, 2014  /  Business  /  No Comments

The Ministry of Petroleum faced a financing crisis for LNG shipments for the coming year due to the Ministry of Finance’s refusal to provide the necessary financial liquidity.

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Shell will not proceed with deep water research, exploration in Egypt

  /  November 9, 2014  /  Business  /  156 Comments

Shell and Apache to conduct experiments on shale gas production in the Western Desert

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Tender to be offered for $1.5bn loan this November: El Molla

  /  November 8, 2014  /  Business  /  No Comments

Ministry hopes to pay nearly $1bn of debts to foreign partners by year-end, says EGPC chairman

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EGAS, Hoegh sign LNG agreement

  /  November 3, 2014  /  Business  /  No Comments

Norwegian firm beats Malaysian, American and Dutch companies to win international tender

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EGAS has suspended gas supplies to EBIC since August

  /  November 2, 2014  /  Business  /  No Comments

Ministry of Petroleum gives priority to fertiliser factories that sell on local markets

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No agreement reached for LNG arrivals by end of 2014

  /  November 1, 2014  /  Business  /  No Comments

Government delayed signing with Hog Energi, led to lack of supply during September, says Ministry of Petroleum

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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

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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

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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

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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

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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

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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…

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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

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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…

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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

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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

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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

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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

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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

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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…

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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

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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…

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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

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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…

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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.

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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

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