Sonatrach Joins Egypt’s Power Aid Effort

By Skills Junction

Egypt’s frequent power shortages are due to receive a helping hand over the coming months as two of the world’s leading oil and gas companies agree to provide a combined total of 12 shipments of imported gas.

Joining the seven shipments being made in December by Russian company, Gazprom, Sonatrach will also send five shipments to help rectify the ongoing problem in the country.

Algerian organisation, Sonatrach’s agreement was announced by a petroleum ministry official, who also revealed that a decision would soon be made as to which company would be converting the shipments from liquefied to natural gas before pumping it back into the national grid.

The official also explained that all imported diesel and gas would be meeting every necessary specification amid rumours that some imported fuels were actually causing the outages to begin with.

He confirmed that the Petroleum Authority is preparing a new tender for the import of diesel fuels with it comprising 30 percent power station usage at present.

 

Share

Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy