energy

BG posts bigger-than-expected fall in profit as Egyptian output halved
Business

BG posts bigger-than-expected fall in profit as Egyptian output halved

Britain's third-biggest energy company BG Group reported a worse-than-expected 26 percent fall in third-quarter operating profit on the back of…
Energy expert: Egypt on verge of humanitarian crisis
Business

Energy expert: Egypt on verge of humanitarian crisis

A British energy expert has warned that Egypt is facing a humanitarian crisis that is fueled by energy problems. In an…
Egypt Gas: Higher prices save LE1 bn yearly
Business

Egypt Gas: Higher prices save LE1 bn yearly

The government's decision to raise natural gas prices for home users will save the state LE1 billion annually, said Egypt…
Former Petroleum Minister: Replacing our electricity network will cost LE17 bn
Egypt

Former Petroleum Minister: Replacing our electricity network will cost LE17 bn

Former Petroleum Minister Osama Kamal said it would cost the government LE17 billion to replace the electricity network. In an interview…
Russia to provide Egypt with nuclear fuel for second research nuke reactor
Business

Russia to provide Egypt with nuclear fuel for second research nuke reactor

Egyptian Atomic Energy Authority chairman Atef Abdel Hamid said that Egypt agreed with Russia to import fuel that is needed…
BG Group buys Nigerian LNG to replace lost Egyptian output
Business

BG Group buys Nigerian LNG to replace lost Egyptian output

BG Group has bought six liquefied natural gas (LNG) cargoes from Italian utility Enel (MDD: ENEL.MDD - news) as it…
Egypt’s energy quagmire could sink Sisi
World

Egypt’s energy quagmire could sink Sisi

Egypt's army chief, Field Marshal Abdel Fattah al-Sisi, won vast popularity by crushing the Muslim Brotherhood, but even a man…
Egypt preparing timetable for energy debts
Business

Egypt preparing timetable for energy debts

Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies operating in the country,…
Why Egypt’s energy bill is higher than official figures suggest
Business

Why Egypt’s energy bill is higher than official figures suggest

Egypt’s energy bill, already a whopping $17 billion, is probably much higher than official figures suggest. The country is losing…
Power cuts continue in several governorates
Egypt

Power cuts continue in several governorates

  Power cuts continued in several governorates on Wednesday due to shortages in fuel supplies to power plants. The Electrical…
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