Latest news
BP authorizes investment in Egypt gas field 15 months after finding
British oil major BP has authorized investment in the first phase of expanding the huge Atoll gas field offshore Egypt, only 15 months after it first announced its discovery.
read more... 20/06/2016
Energy giant BP, Eni made a significant gas discovery off Egyptian coast
Energy giants BP and Eni on Thursday unveiled a considerable gas discovery off Egyptian coast, adding to a series of finds in the region in the last year.
read more... 10/06/2016
Italy: TerniEnergia purchases 47MW solar project in Egypt
Italy’s TerniEnergia has acquired a $19.2 million order to construct a 47 MW solar power plant in Egypt, hoping to make the most out of climate apparently designed to use the potential of the sun.
read more... 01/06/2016
Egypt's gas projects will raise output to 5.5-6 billion cfd by end-2019
Egypt will raise its natural gas output to between 5.5 and 6 billion cubic feet per day by the end of 2019, as stated by Oil Minister Tarek El Molla on Sunday, or up from the existing production of 3.9 bln cubic ft per day.
read more... 23/05/2016
Russian to lend Egypt $25bn to construct Dabaa nuclear power plant
Russia agreed to lend Egyptian government $25bn to finance building and operation of a nuclear power plant in Dabaa on the Mediterranean coast in the northwest of Egypt.
read more... 20/05/2016