Egypt

CO-OP contracts with "i-Finance" to produce smart fuel cards for government agencies

"i-Finance", has signed a three-year contract with the CO-OP Company to supply prepaid smart cards intended to spend fuel shares to state agencies instead of traditional bonuses

Petroleum and Environment Ministers discuss the environmental compatibility efforts of oil companies in Suez and Red Sea

The Supreme Committee for Environmental Conformity held to confront the industrial drainage problem in the Gulf of Suez

Eni, Naturgy’s deal with Egypt to restart Damietta LNG plant breaks down

The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement reached last month, according to a cabinet statement. Parties to the dispute include Spanish gas firm Naturgy Energy Group, Italy’s Eni, and the Egyptian government.

Saipem, Petrojet win contract for Egypt’s first polybutadiene plant

Saipem awarded Egypt’s first polybutadiene plant, in consortium with Petrojet, for an overall amount of approximately 150 million USD.

Pharos Energy exits group looking to acquire Shell’s Western Desert assets

On 6 March 2020, Pharos Energy confirmed that it was in the preliminary stages of evaluating the acquisition, as part of a consortium, of Shell Egypt’s upstream portfolio in the Western Desert in Egypt (‘Western Desert Assets’).

Schneider Electric offers free services for companies in the Middle East and Africa

Schneider Electric will not charge fees from organizations that participate in EcoStruxure Asset Advisor for the safe monitoring of energy and cooling for the next four months; the solution provides remote monitoring, repair and management of on-site equipment, Edge configurations, and data centers.

Production starts from two new natural gas wells in the Mediterranean

The petroleum sector succeeded in putting the two new wells "Zohr 17" and "Baltim Southwest 7" of natural gas to production in the Mediterranean region