Thursday 2 October 2014
 
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Egypt

Egypt's Qalaa Holding eyes $560m capital boost

Egypt's Qalaa Holding is considering a share issue worth some 4 billion pounds ($560 million) as part of efforts to tighten control of its core investments and end years of losses, sources with knowledge of the deal said. The

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Dana Gas signs deal to recover $280m owed by Egypt

Dana Gas has signed a revised deal with Egypt that will help it to recover most of the $280 million it is owed by the government for exploration and production assets in the country, the UAE energy company said.  

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BP starts drilling Atoll-1 offshore well in Egypt

BP Egypt has started drilling the Atoll-1 well offshore, which is the second exploration well in the North Demietta Offshore concession discovered by the firm last year. The deepwater exploration well will be drilled using the six

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UAE firm in deal to build Egypt coal-fired power plant

An Abu Dhabi-based private firm is leading a consortium to build Egypt's first coal-fired power plant in the Suez area to meet the country's acute power shortage, the chairman of the investing company said. A memorandum of

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UAE firm in deal to build Egypt coal-fired power plant

An Abu Dhabi-based private firm is leading a consortium to build Egypt's first coal-fired power plant in the Suez area to meet the country's acute power shortage, the chairman of the investing company said. A memorandum of

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Orascom Construction eyes IPO in 2015

Orascom Construction Industries is studying the possibility of launching an initial public offering (IPO) during the first half of 2015, said a report. The Egyptian group has not yet decided the country in which it will issue its

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Total wins Egypt gas exploration licence

French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the state-run Egyptian Natural Gas Holding company (Egas) said on Monday. "France's Total won the bid to explor

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Egypt to invest $14.5bn in oil, petchem sectors

Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company prof

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Egypt to invest $14.5bn in petrochemicals, refining

Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company prof

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New Egypt plant eyes petchem exports

A new state-owned ethylene factory due to start production in Alexandria next year could save Egypt about $500 million on annual imports and allow it to begin exporting petrochemicals to Western Europe and Africa, its chairman said.

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