The Egyptian Refining Company (ERC) received $2.6 billion in loans to finance the second phase of its oil refinery in Mostorod, the company said in a statement.
The total cost of the plant is expected to reach $3.7 billion and should start (...)
Middle East explorer Dana Petroleum announced a new discovery onshore at its North Zeit Bay production area in Egypt, the company said in a statement.
Early tests of the plant, which lies near the Gulf of Suez, yielded a flow rate of more (...)
According to Egypt's Minister of Investment, the government plans to offer road, rail and other social services projects worth LE 10 billion ($1.8 billion) for public-private partnerships.
No particular time scheme has been provided for the (...)
Egypt's Minister of Petroleum Sameh Fahmy said the total value of contracts made by oil companies outside the country reached $7.4 billion in 14 countries by 2010.
He added that the oil sector generated nearly LE 448 billion ($80 billion) of (...)
