What opportunities will plans to boost electricity production create for private sector investors?
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Interviews & Viewpoints | Hesham El Amroussy, Chairman and Managing Director, ExxonMobil Egypt: Interview from The Report: Egypt 2016
What trends do you see in terms of demand for fuels and lubricants in Egypt? EL AMROUSSY: Egypt has witnessed a steady economic recovery since mid-2014 – evident throughout a number of different sectors in the economy, and led by the launch of several mega-projects – which in turn has translated into positive trends in terms of...
Articles & Analysis | New discoveries for Egyptian oil producers from The Report: Egypt 2016
Egypt is one of the oldest energy producers in the Middle East, with a history of commercial oil production dating back more than a century. The country benefits from low production costs and a relatively large volume of both onshore and offshore oil and gas fields. Developed infrastructure has allowed the country in past decades to maintain a...
Articles & Analysis | Major deals with global players for energy sector in Egypt from The Report: Egypt 2016
A $9bn deal inked in Egypt will give a substantial boost to the country’s electricity generation capacity, helping the government address power shortages and support a growing population and economy. On June 3, 2015 German industrial conglomerate Siemens agreed a deal to supply gas and wind power plants that will add 50% − or 16.4 GW − to...
Articles & Analysis | Egypt's growing population increases demand for energy production from The Report: Egypt 2016
With a rapidly growing population of 80m people and a host of major energy-intensive industrial facilities, Egypt requires a large supply of power to maintain growth. Ensuring this steady production has been problematic since the end of the Mubarak era, and after several incidences of load shedding over the past few years – the legacy of...
Articles & Analysis | Natural gas discovery could see Egypt become major exporter from The Report: Egypt 2016
Natural gas has been an important part of Egypt’s energy mix and economy for decades. It was first discovered in the country in 1967, and a find was then made a year later offshore. Egypt fully utilised the resource, going from being predominately hydro driven to mainly gas based, and became an exporter of the product. At one time, Egypt sold...