Over the past year the shortfall in Egypt’s electricity capacity has become increasingly apparent, with load-shedding becoming a regular occurrence. The government has aggressively sought to address the issue with demand-side management, from a reintroduction of the daylight savings time regime, which had been dropped in 2011, to an initiative to replace standard light...
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Articles & Analysis | Working to increase solar’s contribution to the national energy mix from The Report: Egypt 2014
Solar energy has played a secondary role to wind power within Egypt’s renewables strategy for some time, despite the nation’s obvious advantages in terms of abundant sunlight and large tracts of undeveloped land. In 2014, however, brought a number of clear indicators that suggest that solar power remains very much front and centre in the government’s vision for the...
Interviews & Viewpoints | OBG talks to Sherif Ismail, Minister of Petroleum and Mineral Resources from The Report: Egypt 2014
Articles & Analysis | Efforts are being devoted to increasing production and capacity, despite some delays from The Report: Egypt 2014
Over the course of 2014 Egypt’s energy sector has seen some welcome developments. The announcement of a debt-repayment programme for funds owed to international oil companies (IOCs) has restored confidence in the upstream segment and brought pledges of increased investment from larger operators such as the UK’s BP.
Interviews & Viewpoints | OBG talks to Ross Clarkson, CEO, TransGlobe from The Report: Egypt 2014
Chapter | Energy & Utilities from The Report: Egypt 2014
The extraction of oil and gas has long played a central role in the Egyptian economy, accounting for 15.3% of the country’s GDP in the 2013/14 financial year. With exploration in the North African nation dating back to the 1880s, the government has a long history of working with private firms to develop and manage its resources. Over the course of 2014 Egypt’s energy sector has seen some...