MoP Could Offer Enppi Shares on EGX

The Minister of Petroleum and Mineral Resources, Tarek El-Molla, told CNBC that the ministry could potentially offer a share of Enppi on the Egyptian Stock Exchange (EGX).

El Molla added that the ministry currently awaits the decision of the Higher Ministerial Committee and the Director of the offering. He also stated that Egypt currently exports between 800 million cubic feet to one billion cubic feet (bcf) of natural gas per day, and annually import about 3 million tons (mmt) of gasoline and diesel, and about 1.8 million butane gas. 

According to the minister, the petroleum trade balance has a surplus of $820 million at the end of June. 


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