Egypt Oil and Gas News Update Jan 2014

• Egypt and Saudi Arabia to tender power network deal – Cross-border line will have capacity to transport 3,000MW a day.
• Egypt seeks bids for new housing project – A total of 2,453 housing units to be built in Hurghada in Egypt.
• Egypt hits highest rate of inflation in four years – Consumer prices rose 13 per cent year-on-year in November.