Latest news

Cyprus: New gas discovery offshore considered non-profitable

Eni and Total have found gas while drilling offshore Cyprus near the giant Zohr gas field discovery in Egypt waters, but the anticipated quantity of the recently discovered field is too small to develop on its own, as stated by Cypriot Energy Minister Yiorgos Lakkotrypis on Tuesday.

read more... 13/09/2017


Aramco is likely to use Egyptian Pipeline to convey oil to Europe

Selling more oil to Europe is the strategical and economical purpose of the Saudi Aramco. 

read more... 12/09/2017


Russia and Egypt start to build Dabaa nuclear plant

Russian leader Vladimir Putin has been invited by Egypt’s president, Abdel-Fattah el-Sissi to witness the nuclear power plant construction kick-off in Dabaa.

read more... 06/09/2017


EBRD and Proparco offer $116 million to Egyptian solar sector

Egypt has received funding for the development of two solar power projects, worth $116 million.

read more... 24/08/2017


Egypt: LNG imports will be reduced to 80 cargoes in 2017-18 year

Egypt intends to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that started in July, as stated by Petroleum Minister Tarek El Molla on Sunday, or down from the 118 cargoes imported in 2016.

read more... 14/08/2017