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Égypt-actus
Égypt-actus
revue de presse sur l'actualité culturelle, archéologique, politique et sociale de l'Égypte
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Libya Plans To Refine Some Oil In Egypt-Minister

Libya Plans To Refine Some Oil In Egypt-Minister | Égypt-actus | Scoop.it

Libya plans to refine some of its crude oil in Egyptian refineries to support its neighbour's economy which is faltering due to political unrest, the Libyan oil minister said on Monday.

"We have plans to refine Libyan oil in Egyptian refineries in order to import it from Egypt to support the Egyptian economy," Abdul-Bari Al-Aroussi told Reuters.

Libyan refineries provide about 30 percent while 70 percent of the north African country's refined oil needs is imported.

Al-Aroussi said stability in Egypt was important for both nations.

 

More on: http://amwalalghad.com/en/news/egypt-news/15691-libya-plans-to-refine-some-oil-in-egypt-minister.html

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IDA Launches "First Billion" Project To Curtail Engineering Imports' Bill

IDA Launches "First Billion" Project To Curtail Engineering Imports' Bill | Égypt-actus | Scoop.it

The Industrial Development Authority (IDA) in Egypt, jointly with experts, launched the "first billion" project so as to curtail the bill of engineering imports to EGP 1 billion, after recording EGP 127 billion in 2012.

Dr Mahmoud El Garf, Head of the Industrial Development Authority (IDA), in his statements to "Amwal Al Ghad", said the project aims to replace the imported products with some Egyptian products, which can be manufactured locally. He referred that the project will start with the preparations of producing some components of cars, which Egypt imports.

El Garf added that the second phase of the project will concern the petroleum sector to decrease the bill of importing the raw materials and the equipment necessary for extracting them.

 

This text is from Amwal el-Ghad

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Sukuk Will Finance Qattara Depression Project With US$ 110 MIn Through Sukuk

Sukuk Will Finance Qattara Depression Project With US$ 110 MIn Through Sukuk | Égypt-actus | Scoop.it

Khaled Ouda, geologist and member of Shura Council (lower house of parliament), stated that Egypt seeks to finance projects such as Qattara Depression Project which has investment cost ranging from US$ 100 billion to US$ 110 billion, and has expected revenues from land sale only of US$ 1.2 billion.

 

The project is also expected to create about 200,000 job opportunities just by the beginning of the project, he added. 

 

Ouda confirmed that Egypt has strategic national projects that will achieve high economic returns as well as environmental return. These projects can be financed through sukuk and their ownership will be eventually transferred to the country, he continued.

 

"Investing in mines may be financed through sukuk, as mining achieve high returns and Egypt has 93 mines unexploited mines.

 

The company investing Sukari Gold Mine injected US$ 350 million since the start of the exploitation, while the volume of extracted gold reached 20 tonnes and the country received US$ 1 billion," he added. There are number of projects being studied in the current period such as Bahr El Remal El Azam project which will provide 3.7 million feddans viable for agriculture and Gilf al-Kebir silicon production project.

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Egypt: Cabinet - 553 Projects Implemented in January


The Cabinet announced on Friday 01/02/2013 that a number of 553 projects have been implemented in January 2013, the matter which shows the government's keenness on implementing projects that improve the quality of services for citizens.

Those projects include the opening of second phase of drinking water station in Maadi and second phase of drinking water purification station in el-Marg.

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Shura Council debates IDB contribution to South Helwan power station

Shura Council debates IDB contribution to South Helwan power station | Égypt-actus | Scoop.it

The Shura Council on Monday discussed plans to include the Islamic Development Bank (IDB) as a potential partner with the Egyptian government to contribute funds towards the second payment installment of an electrical station set to be built in southern Helwan. The installment would cost an estimated $250m.

Minister of Electricity and Energy Ahmed Imam stated that the station would operate at 1,950 MW, and would require a total of EGP 13bn in investments over the whole course of the construction project. He added it was part of Egypt’s 2012-2017 ‘five-year project plan’

 

More on: http://www.dailynewsegypt.com/2013/03/25/shura-council-debates-idb-contribution-to-south-helwan-power-station/

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Egypt to Tender 3 Power Projs Worth $7.42 Bln

Egypt to Tender 3 Power Projs Worth $7.42 Bln | Égypt-actus | Scoop.it

Egypt's ministry of energy and electricity plans to tender three local power generation projects with a total capacity of 5,500 megawatts and a combined cost of nearly 50 billion Egyptian pounds ($7.42 billion), Cairo-based Al Ahram daily reports Saturday.

This capacity will comprise 2,250 MWs from a project in Dayrout city in Behaira governorate, 1,300 MWs from the steam power project in Qena, and 1,950 MWs from a project in Beni Suef, the newspaper reports, citing minister of energy and electricity Ahmed Imam.

The Egyptian government has guaranteed the investments of the Dayrout project until a unified electricity act is issued, Mr. Imam said, according to the daily. This project is expected to be tendered to the ten qualified companies in mid-May, he added.

 

More on: http://www.zawya.com/story/Egypt_to_tender_3_power_projects_worth_USD742bn-ZW20130302000077/

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Egypt: EGP 1 Billion Increase in Water, Drainage Projects Allocations

Egypt: EGP 1 Billion Increase in Water, Drainage Projects Allocations | Égypt-actus | Scoop.it

Minister of Planning and International Cooperation Ashraf el-Arabi has approved one billion pounds as an increase in allocations to projects of drinking water and sanitary drainage. Some EGP 7.4 billion is now allocated to this vital sector.

The Minister pointed out that the allocations for national projects of sanitary drainage increased by EGP 550 million, EGP100 million for main lines in Greater Cairo as well as EGP 222 million for renewal and replacing drinking water stations in villages and governorates.

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