Egypt

Shell Egypt awards Bechtel FEED contract for Egyptian LNG terminal

Shell Egypt, EGAS, and Petronas have awarded a front-end engineering and design (FEED) contract to a Bechtel-led coalition that includes Enppi and Petrojet for the Egyptian LNG export terminal.

Egypt considers benefiting from Tunisian experience in solar energy production: SEDA

SEDA will meet with a Tunisian delegation of businessmen and investors in the fields of new and renewable energy to discuss cooperation, investment, and exchange of experiences in projects using solar energy.

Eni targets 10-GW solar, wind projects in Egypt

Italian oil major Eni has announced plans to carry out several solar and wind power projects with a capacity totaling 10GW in Egypt over the upcoming years

Petroleum Ministry continues to secure oil products despite Ukrainian crisis

The Petroleum Ministry said Sunday that it is working to secure all oil products on the local market despite repercussions of the Russian-Ukrainian crisis for imports of crude oil to Egypt.

Zohr gas field production jumps to 2.7bln cubic meters daily

Current production from Zohr gas field jumped to 2.7 billion cubic meters per day, the ministry said on Monday.

Giza Systems Implements Intelligent Traffic System in the New Administrative Capital

Giza Systems was selected with the best technical/ financial offer for the tender offered by the Administrative Capital for Urban Development (ACUD), to implement one of the most important projects of the New Administrative Capital "Transportation and Smart Traffic Systems", which is being implemented for the first time in Egypt, in partnership between Giza Systems and Military Production as the technological arm of the Ministry of Military Production.

Enppi, Petrojet acquire foreign partner stake in ICD for $117m

Enppi and Petrojet — which are affiliated with the Ministry of Petroleum and Mineral Resources — purchased the share of foreign partner Star Company Ltd. in the International Company for Drilling operating under the free zone system (50% of the company) at a value of $117.6m or EGP 2.2bn last week.

EGAS H1 net profit soars 333.2% YoY

EGAS reported a 333.2% year-on-year (YoY) surge in net profit after tax for the first half (H1) of 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 16th.