Siemens awarded series of five-year grid studies on energy transmission network
Egypt signs contract with Siemens to develop national electricity grid Siemens AG will conduct a series of five-year studies on Egypt’s electricity distribution grid to “identify the feasibility of deploying different advanced energy technologies,” the company said in a press release. Under a contract with the Egyptian Electricity Holding Company (EEHC), Siemens will analyze and […]
Egypt signs cooperation MoU with the US Department of Energy
Egypt’s Ministry of Petroleum and Mineral Wealth and Ministry of Electricity and Renewable Energy signed on Thursday with the US Department of Energy a memorandum of understanding on cooperation in the field of energy. The MoU was signed by Minister of Oil Tarek El-Molla, as a representative of both the Egyptian ministries, along with US […]
El Molla at Rome MED 18: Italy is Europe’s energy gateway
Egyptian Petroleum Minister Tarek El Molla said on Friday at Med Dialogues in Rome that Italy is a country that Egypt wants to approach because it is “Europe’s energy gateway”. “At the start of this year we signed a memorandum of understanding on energy with the European Union that will make Egypt a considerable energy […]
Petroleum Economist: IMF says Egypt needs more energy reforms
The Egyptian economy continued to improve in 2018, according to the organisation, but further measures are needed. In 2016, the International Monetary Fund agreed to help Egypt’s economy recover from years of crisis by providing it with disbursements totaling $12bn. The deal was conditional on the government reducing subsidies on basic goods and services, including […]
Energy CEOs Embrace Digitalisation as New Technology Transforms Global Oil & Gas Industry
Effects Expected to Unlock USD 1.6 Trillion in Industry Value to 2025; World’s Top Energy Event Shifting Gears to Encompass Evolved Programme Addressing Artificial Intelligence, Blockchain, Robotics, Sensor Technology, Machine Learning, Deep Learning, Edge Computing and More. Digitalisation is the number-one trend driving CEO decision-making in the global oil and gas sector. According to recent […]
Qalaa’s revenues up 22% y-o-y on back of strong growth from TAQA Arabia
Qalaa Holdings, a leader in energy and infrastructure, released today its consolidated financial results for the year ending 31 December 2017, reporting revenues of EGP 9,282.3 million, up 22% y-o-y on the back of strong growth from its energy subsidiaries, TAQA Arabia and Tawazon, as well as ASCOM, its operational platform in the mining sector. […]
ABB committed to Egypt’s energy and industrial future
ABB CEO Dr. Ulrich Spiesshofer, who was received in Cairo by H.E. Abdel Fattah al-Sisi, President of the Arab Republic of Egypt, expressed ABB’s support for the President’s vision of Egypt. Egyptian President H.E. Abdel Fattah al-Sisi today received ABB CEO Dr. Ulrich Spiesshofer in Cairo, and discussed his vision of Egypt as an energy […]
Egypt possesses key to future of East Mediterranean energy – El Molla
Minister of Petroleum and Mineral Resources Tarek el-Molla said on Tuesday that Egypt and the European Union (EU) signed a memorandum of understanding on cooperation and strategic partnership in the domain of energy. In his speech at the inaugural ceremony of a renewable and sustainable energy forum between Egypt and the EU, he added that […]
Egypt’s regional energy hub goal approaches with EU MoU
Egypt’s Prime Minister Sherif Ismail witnessed on Monday the signature of a Memorandum of Understanding (MoU) for strategic partnership on energy between Egypt and the EU. This MoU was signed by Minister of Electricity, Mohamed Shaker; Minister of Petroleum, Tarek al-Molla and EU Commissioner for Climate Action and Energy, Miguel Arias Cañete, who is on […]
President Sisi: Egypt to become regional energy hub
President Abdel Fatah al-Sisi stressed Wednesday that Egypt has adopted a comprehensive and ambitious strategy to develop the electricity system in full, Presidential spokesperson Bassam Radi announced. Developing Egypt’s electricity system qualifies it to become a hub for the transfer of electricity between the countries of the region and EU countries in the framework of […]
