Latest in Energy Highlight
Latest in Energy
Delek Drilling and Noble Energy, the operators of Israel’s largest natural gas fields Tamar and Leviathan, signed with the Egyptian company Dolphinus Holdings two 10-year agreements, worth $15bn, in February 2018 to export Israeli natural gas to Egypt.
Company to sell production at 3.2-3.4 piasters per kw/h
Project’s investments are estimated at $5bn, says source
Moreover, she explained that the unified reading system reviews the consumption data before issuing bills in order to avoid any mistake. All data and readers are also monitored by the system.
Brent crude rose by 5 cents, or 0.1%, to $70.16 a barrel, while US West Texas Intermediate (WTI) was up 50 cents, or 0.8%, at $59.12.
Law allows offering 49% of ownership to private sector, says Salmawy
The technical aspects of the project were reviewed in cooperation with Artelia, which is responsible for the consulting work of the project.
Government sources told Daily News Egypt that the ministerial committee, formed in accordance with the decision of the prime minister no 605 for 2019, received the purchase offers from Blackstone and Edra Power on Monday.
The final approval of the deal will take place after Dragon Oil confirms adherence to the deals signed by BP in the concessions of GUPCO, a source at the ministry of petroleum told Daily News Egypt.
Sources at the ministry of electricity told Daily News Egypt that the IFC will set the controls and the mode of presenting the offers and their assessment, given that the auction system will be implemented in Egypt for the first time.
Joining World Bank’s Zero Routine Flaring by 2030, says source
The note added that the prices for higher consumption brackets, above 1,000 kW, remain unchanged at EGP 1.45/kW, as they already pay above the production cost of EGP 1.22/kW.
With regard to the electrical connection with Sudan, she explained that all the works and lines of the project have been completed, and the current phase is supposed to be the experimental operation, but it was postponed because of the unstable political situation in Khartoum.
EGP 17bn proceeds of Electricity sector from price increases
Midor expansion project will achieve 60% increase in production capacity, says ElKareish
Bank of America expects Brent to rise to $90 per barrel
New projects to compensate natural decline of gas fields, estimated to be 10%, says source
EGP 1.14 per kW/h for LV consumers, EGP 0.75 for UHV consumers
A delegation from Sudan was supposed to visit Egypt and start the project but this has not happened so far.
Political moves resulting from these attacks will affect oil market, says expert
Houthi-run Al-Masirah TV cited military official saying seven drones staged attacks on vital Saudi installations
Cost-sharing value up 130%, companies hint at possible resort to arbitration
Company sells energy at 2.75 piasters, contracts to be signed in August
Company intends to launch a wind farm in Egypt with investments of $250m
New gas discoveries will contribute to connecting 2bn scf/day to national grid, says source
Amendments approved by concerned authorities to be discussed in parliament on Tuesday, says source
electricity pricing schemes to be submitted to cabinet for approval within weeks
Authority follows commitment of companies to licensed activity to regulate gas market: Source
Arab, international companies awaiting approval to build projects worth $3bn
Sealing deal depends on reaching agreement to purchase produced energy for 2.7 cents per KW/h