Damietta liquefaction plant, the Union Fenosa Gas (UFG) joint venture, will start the first test cargo on 14th February 2021, S&P Global Platts Analytics reported.

Altus Strategies Plc announced that the subsidiary AKH Gold Limited will be awarded gold exploration concession in the Eastern Desert by the Egyptian Mineral Resources Authority (EMRA).

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

Methanex Egypt announced today the launch of the Egyptian Process Safety Management (PSM) Steering Committee’s website – www.PSMEgypt.com. The website is the result of the collaboration between the Ministry of Petroleum and Mineral Resources and Methanex Egypt following the signing of a Memorandum of Understanding (MoU) in February 2020, enabling the creation of the Egyptian PSM Committee mandated to embed the culture of Process Safety Management (PSM) within the Egyptian oil, gas and petrochemicals sector, in alignment with the ministry’s Modernization Program and international best practices, guidelines and standards.

Energean announces the North El Amriya (NEA), and North Idkunea concession (NI) Final Investment Decision in offshore Egypt.

Egypt reduces jet fuel prices by 15 cents per gallon until the end of 2021 to support the tourism and aviation sectors.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of five gold exploration contracts for Canadian and Egyptian companies with the Egyptian Mineral Resources Authority (EMRA) with $13 million investments to search in 13 areas. These are the first contracts to be signed as a result of Egypt's first 2020 gold bid round.

Petroleum Marine Services Company (PMS) started to execute first well test from HH areas of the General Petroleum Company (GPC), according to the General Trade Union for Petroleum Workers.

The Minster of Petroleum and Mineral Resources, Tarek El Molla, signed an agreement with Shell Egypt for oil and natural gas exploration in concession area (4) in the Red Sea deep water.

Petrosafe Company organized an initiative to combat marine petroleum pollution called “Misr El-Mahrousa 15” at Nasr Petroleum Academy, in the presence of the heads of companies, under the auspices of the Ministry of Petroleum and Mineral Resources (MoP), the Egyptian General Petroleum Corporation (EGPC), the Ministry of Environment, Environmental Protection Agency, and the petroleum companies dealing with the Red Sea Ports Authority.