Petroleum
Energy CS Wandayi: Substandard fuel threat contained after Ksh4B scandal
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Energy and Petroleum Cabinet Secretary Opiyo Wandayi has assured Kenyans that the threat of substandard fuel from the ongoing Ksh4 billion procurement scandal has been contained, with supplies secure. This follows the arrests and resignations of four senior officials last week and the halting of a second suspicious shipment. EPRA has appointed Joseph Oketch as acting Director General.
Hussein Eissa, Deputy Prime Minister for Economic Affairs, rang the opening bell at the Egyptian Exchange on Sunday to mark the temporary listing of four state-owned companies.
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Egypt’s Ministry of Petroleum and Mineral Resources announced a new natural gas discovery in the Nile Delta with an estimated production capacity of around 50 million cubic feet per day. The discovery followed the successful drilling of the Nidoco N-2 exploratory well in the West Abu Madi area of Kafr El Sheikh governorate. The concession area is operated by Eni in partnership with BP.
Mahmoud Esmat, Egypt's Minister of Electricity and Renewable Energy, and Karim Badawi, Minister of Petroleum and Mineral Resources, met on Wednesday to assess the action plan for handling the anticipated rise in summer energy demand, amid increasing consumption and loads.
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Egypt has completed 90% of the planned natural gas delivery works for the first phase of the “Decent Life” (Haya Karima) presidential initiative, Petroleum Minister Karim Badawi announced on Tuesday. The update came during a meeting with Prime Minister Mostafa Madbouly in the New Administrative Capital to review ministry operations. The government is accelerating the remaining projects to meet the established schedule.