Chairman of the Suez Canal Authority (SCA) Mohab Mamish on Wednesday raised the Egyptian flag on the largest multi-purpose supply vessel in the Middle East, which is made in China. Named after former SCA chairman Ahmad Fadel, the ship was built by Guangzhou Wenchong Shipyard in China. “The Suez Canal Authority is sparing no effort … Continue reading
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Ganoub El Wadi Petroleum Holding Company (GANOPE) had agreed with five International Oil Companies (IOC’s) six months ago to conduct a $750m seismic survey in the Red Sea to prepare reports on the reserves of oil and gas in the territorial waters after … Continue reading
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Shell’s Deputy CEO, Samy Iskander, and Shell Egypt’s Vice President & Country Chairman, Gasser Hanter, in the presence of First Undersecretary of the Ministry for Gas and Geological Affairs, Mohamed Mounas, and First Undersecretary of the Ministry for Agreements and Exploration, Ashraf Farag. … Continue reading
Naftogaz repeatedly fails to find advisor to assess appropriateness of selling Egypt assets. National joint-stock company Naftogaz Ukrainy has annulled the second tender to provide investment banking services related to Naftogaz upstream assets in Egypt and search for potential buyers, as less than two bids were submitted. According to a report in the ProZorro e-procurement … Continue reading
Egyptian Global Logistics EGL subsidiary of KADMAR Group succeeded in handling the kick off for Egypt Mega Gas Project using the fleet of extendable trailers handling joint of 28 meters length & weighting 40 tons for Saipem project Zohr; the biggest gas discovery in Egyptian waters in the Mediterranean. EGL completed the port handling from … Continue reading
Egypt witnessed robust foreign direct investment (FDI) inflows in 2016, boosted by the hydrocarbon sector, a recent report issued by the United Nations Conference on Trade and Development (UNCTAD) found. “Robust foreign direct investment inflows into Egypt drove a hike in inflows in North Africa. FDIs in Egypt rose 17% in 2016, to $8.1bn, topping … Continue reading
Siemens will connect 400 MW of power produced at the Burullus power plant to the national grid within days, according to Deputy Electricity Minister Sabah Mashali. It brings the total output from Siemens’ three plants to 5.2 GW, from the operation of 12 units. Separately, the Electricity Holding Company is set to pay EUR 25 … Continue reading
