Egypt signs First Gas Fracking Contract with Apache, Shell
Egypt has signed its first contract to extract gas by fracking in a deal with Apache and Shell Egypt that includes…
Browsing Tag
egypt’s energy crisis
SDMO Eyes €10mn Sales in Egypt within 2015
France-based SDMO Industries, the world's 3rd largest company for power generating sets, is targeting sales of €10…
Banks to Arrange $1.5bn Loan for Egypt to Repay Foreign Energy Firms
HSBC, National Bank of Egypt, and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's…
Egypt’s Cement Firms Overcome Gas Shortages by Importing Coal
Several of Egypt's major cement producers have begun retrofitting their plants to run on energy from imported coal,…
Egypt to Repay $2-3 billion of Foreign Oil Debts at 2014-end – Minister
Egypt seeks to repay by end of this year around US$2-3 billion of its total debts to foreign oil companies working…
Renewable Energy Is Egypt’s Raft out of Crisis: Experts
Scarcity of financial resources and the lack of a solid plan are the main reasons behind the perpetuation of…
BP to Invest $10 billion in Egypt’s Gas Fields for 5 Years
Egyptian Prime Minister Ibrahim Mahlab finalised an investment deal on Tuesday with the CEO of British Petroleum…
HSBC Egypt mulls EGP1 billion Finances for 8 Cement Firms
HSBC Bank Egypt is considering securing finances worth EGP 1 billion ($139.8 million) for 7 to 8 companies working…
Can al-Sisi Fix Egypt’s Energy Mess?
The list of challenges facing Egypt’s new president is seemingly endless, from restoring some sense of political…
Egypt’s Break with Qatar Could Contribute to Scorching Summer for Country’s Residents
When Egypt’s military ousted President Mohamed Morsi last summer, it also broke political ties with the Islamist…
