EGAS announces extension of closing date for 2018 Bid Round
The Egyptian Natural Gas Holding Company (EGAS) announces the Change of the closing date of its 2018 International Bid Round for 16 blocks. The closing date is extended from Monday 8th of October, 2018 to Thursday 29th of November, 2018. (Source: EGAS)
Bloomberg: Delek, Noble said to put final touches on EMG gas deal
Preliminary deal expected to be signed in no more than a month. Agreement would pave the way to implement $15 billion contract. The companies developing Israel’s largest natural gas fields and their Egyptian partner have finalized details of a deal that would give them control over a pipeline to Egypt, according to people familiar with […]
Egypt receives two bids under $0.03/kWh for 200 MW Kom Ombo solar project
The lowest bid was submitted by Spanish developer Fotowatio, which offered US$0.02791 per kWh. Slightly higher, at $0.02799 per kWh, was the offer of Saudi power company, ACWA. The Egyptian Electricity Transmission Company (EETC) will review six bids for the 200 MW Kom Ombo solar PV project in Egypt, according to a press release issued […]
Egypt, Cyprus reach agreement on gas pipeline – Cyprus Television
Cairo and Nicosia have reached an agreement to connect the Aphrodite gas field to liquefaction plants in Egypt, Cyprus state television CyBC said, according to the Cyprus Mail. The agreement will be inked sometime in the fall, CyBC said, citing diplomatic sources. “The agreement has already been given the green light by the EU and […]
Afreximbank provides $200 million loan to finance MIDOR expansion plans
The EGPC received a USD 200 million loan from the African Export-Import Bank (Afreximbank) on 31 July, which will be used to finance the expansion of state-owned MIDOR’s refining facility, banking sources tell Al Shorouk. The loan has a five-year tenor, they added, and Abu Dhabi Islamic Bank (ADIB) acted as financial adviser for the […]
Gas market regulator sets fees for private sector’s use of national grid
Natgas market regulator sets fees for private sector’s use of the state grid at USD 0.38 / MMBtu: The Natural Gas Regulatory Authority set on Thursday the fee that private sector players will have to pay to use the state’s national grid to transport gas at USD 0.38 / MMBtu, according to its official website. […]
El-Molla, Halliburton discuss cooperation on oil & gas marketing platform
Oil Minister Tarek El Molla met with Halliburton’s President of Eastern Hemisphere Joe Rainey to discuss cooperation in setting up an electronic platform for marketing available concessions for oil and gas exploration and production, under two agreements signed back in April. Minister of Oil Tarek el-Molla on Thursday discussed co-operation over petroleum projects with Joe […]
Production at Shell’s West Nile Delta phase 9B gas field to begin in October
Production of natural gas from two deepwater wells at Shell’s West Nile Delta field 9B in Egypt will begin in the first half of October, the country’s petroleum minister said on Friday. Tarek El Molla said in a statement the whole project, which includes several other wells being dug and linked to production, was set […]
LA Times: World’s largest solar farm rises in the Egyptian desert
In 1913 on the outskirts of Cairo, an inventor from Philadelphia named Frank Shuman built the world’s first solar thermal power station, using the abundant Egyptian sunshine to pump 6,000 gallons of water a minute from the Nile to irrigate a nearby cotton field. World War I and the discovery of cheap oil derailed Shuman’s […]
BP to drill its first Gulf of Suez exploration well by October
Britain’s BP will begin drilling its first exploration wells in the Northeast Ramadan concession area in the Gulf of Suez by early October at the latest, an Egyptian state oil company EGPC official said. The source told Youm7 that the project is awaiting completion of security approvals and the licenses necessary to start drilling. Drilling […]
