Latest in Tag: Gulf of Suez Highlight

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Latest in Tag: Gulf of Suez


Egypt signs agreement with Schlumberger to conduct Gulf of Suez seismic survey

Egypt’s Ministry of Petroleum signed an agreement with international oil services company Schlumberger on Wednesday to conduct a seismic survey in the Gulf of Suez, according to a statement issued by the ministry. Earlier on Monday, during the first day of the Egyptian Petroleum Show 2018, Egyptian Minister of Petroleum Tarek El-Molla announced that the …

Mohamed Samir

Toyota-Orascom-GD France alliance wins tender for wind farm in Gulf of Suez

The Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA) granted the Toyota-Orascom-GD France alliance a 20-year license to produce electricity from a wind farm in the Gulf of Suez. The project will generate 250 MW with investments of €250m. Sources from Egypt ERA said that a technical committee from the agency studied the …

Mohamed Farag

What are the incentives of the SCZone?

The SCZone has many investment incentives. The SCZone was established as an administration body with full authority over the Suez Canal axes with regards to all projects and activities within the geographical borders of the project, stepping above the governorates where these projects are. This eliminates government bureaucracy and gives investors the flexibility needed to …

Daily News Egypt

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

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 official of Egyptian Petrochemicals Holding Company. He pointed out that the company, operating in an economic zone in the northwest …

Mohamed Adel

The EGPC issues new bid round for 20 blocks

By Islam Serour The Egyptian General Petroleum Corporation(EGPC) announced a new bid round for 20 blocks in the areas of the Eastern and Western Deserts exploration. Total investments according Hani Dahy, Chairman of the EGPC, is estimated to amount to $8.5 billion in the 2012-2013 fiscal year. Adel Saeed, the EGPC’s Vice Chairman for Agreements, …

Daily News Egypt

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