Issue: January 2016

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INSIDE ISSUE

  • Electricity in Egypt: The Whole Picture

    One of the first sentences that a non Arabic speaker learns upon moving to Egypt is probably ‘Mafish kaharaba’, or “there is no electricity”. In summer, especially, and quite notably since the Revolution, Egypt has been suffering from an acute electricity crisis.

  • Egypt’s Nuclear Program: More Questions than Answers

    On November 19th, President Abdul Fattah Al-Sisi announced that Egypt’s “long dream” of nuclear energy had come true. The Egyptian nuclear program, initiated during the Nasser presidency in 1955, is finally taking a step towards electricity production after sitting dormant for most of the last 60 years.

  • Coal for Energy: A Future or a Roadblock?

    During the climate talks in Paris in early December, countries agreed to limit their carbon dioxide emissions. Several European countries have ambitious plans to close their coal-fired power plants. Coal, a large contributor to carbon dioxide emissions, seems to be on the retreat. However, Egypt is moving in a different direction.

  • The Legal Reality of the ICC Ruling Against Egypt

    On December 3rd 2015, the International Chamber of Commerce (ICC) announced its ruling on the arbitration claim submitted by Israel Electric Company (IEC) against the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and East Mediterranean Gas Company (EMG). The ruling states that EGPC and EGAS are to pay the sum of $1.76b to IEC as compensation, in addition to paying to EMG the sum of $324m as compensation, including a substantial portion of EMG’s legal fees and arbitration costs.

  • SOLAR POWER & POLICY: Renewable Solutions for Egypt’s Electricity Crisis

    It appears that the renewable energy industry in Egypt previously had been managed in a similar way as other sectors in the country, such as transportation or retail. Analogies with the taxi transportation system may help to draw a clearer image of the conditions for renewables.

  • Efficiency Plan: Resolving Egypt’s Electricity Crisis

    Egypt has committed itself to generate 20% of its energy from renewable sources by 2020, a target that the country’s renewables experts have gladly endorsed. Nonetheless, these self-same experts argue that “energy efficiency” is the more pressing priority for satisfying Egypt’s power generation needs, rather than renewables. Dr. Ehab Abdel-Rahman, Professor of Physics at the American University in Cairo, uses a simple analogy to illustrate this.

  • Interconnectivity: Egypt’s Aspiration for Regional Electricity Hub

    Egypt has eloquently embarked upon the aspiration to become a leader in electricity transmissions scheme in the Middle East, Africa, and potentially Europe.

  • NeoScope: Sourceless Formation Evaluation while Drilling

    Avoiding chemical sources saves time and money logging a directional well in Egypt

    New sourceless measurement capabilities have become available in a unique logging-while-drilling (LWD) service based on pulsed neutron generator (PNG) technology. The NeoScope formation evaluation while drilling service provides a comprehensive sourceless petrophysical description of the formation in the shortest multifunction LWD collar available. Eliminating the need for chemical sources reduces drilling risk and handling costs, and also avoids potential delays related to local permitting and regulations.

  • INTERGAS VII: Linking the Experts to the Goal

    On the 24th of November INTERGAS VII Oil, Gas & Petrochemical Conference, one of the more prominent events in the petroleum industry, brought together leading executives under one roof, with the purpose of exchanging ideas, networking and more importantly, discussing the future of the Egyptian industry at this crucial time. Egypt is currently in the process of expanding its energy mix, dealing with shortages in foreign currency and energy, not to mention the governments work on economic reform through the implementation of changes in the industry.

  • The Changing Role of the CFO: How Energy Transformation Is Shifting the CFO Focus

    The world of electricity is changing fast. It’s a transformation that is exercising a great deal of thought and action in the boardrooms of power utility companies whose traditional business models are under threat. Technological innovation is creating new choices for customers and new opportunities for a wider range of industry entrants. The combination of the ‘push’ of technology, the ‘pull’ of the customer and the threat that comes from new competitors poses questions that go to the heart of company strategies and the role of the CFO.