Latest news
Siemens inks 8 billion euro electricity agreement with Egypt
German industrial firm Siemens inked an 8 billion euro agreement ($9 billion) with Egypt on Wednesday to provide gas and wind electricity plants to increase the North African country's power production by 50 percent.
read more... 04/06/2015
Egypt: Mediterranean gas exploration tender prolonged by two months
Egypt has prolonged its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, as stated by the state gas board on Tuesday, since the country wants to increase domestic energy production.
read more... 27/05/2015
BP raises stake in Egypt gas field
BP has rose its share in the $12 billion West Nile Delta gas field in Egypt to more than 80 percent after purchasing a stake from DEA, the energy company possessed by Russian billionaire Mikhial Fridman.
read more... 20/05/2015
Egypt: 35 cargoes of LNG to be imported from Russia's Gazprom
Russia's Gazprom has signed an agreement to aid supply Egypt with its first liquefied natural gas (LNG) imports, as declared by the oil ministry on Tuesday, in a deal that could be estimated at approximately $1 billion at existing market prices.
read more... 19/03/2015
BP inks $12 billion energy agreement in Egypt
Oil firm BP has inked a deal to make an investment $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, as stated jointly by the company and the government on Saturday.
read more... 16/03/2015