Petroleum Minister Visits Methanex Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek El Molla has inspected the progress and developments of work at the Methanex plant in Damietta.
News / Egypt
Madbouly Visits MOPCO Factory During Port Said, Damietta Tour
As part of his visit to the governorates of Port Said and Damietta, Prime Minister Mostafa Madbouly has inspected the Misr Fertilizers Production Company's (MOPCO) factory.
El Molla Inspects Suez Methanol Derivatives Plant in Damietta
El Molla highlighted the importance of accelerating the implementation of this vital project, which is a valuable addition provided by the Egyptian petrochemical industry within its updated plan until 2040.
SDX Sells West Gharib Assets
SDX Energy Plc has announced a binding sale and purchase agreement (SPA) for disposing its West Gharib interests in Egypt.
Madbouly Chairs Meeting to Enhance Fertilizer Distribution System
Prime Minister Mostafa Madbouly has held a meeting to follow up on the status of the agricultural fertilizer production and distribution system.
CEC Aims for 15% Annual Export Growth
Egypt's Chemical and Fertilizers Export Council (CEC) is scheduled to present, during the upcoming meeting of the Prime Minister with the heads of export councils during the coming period, its own vision for achieving a boom in exports of chemical industries and fertilizers, Khaled Abul-Makarem, head of the Council, stated, according to Ahram Gate. Abul-Makarem added that all requests and obstacles that could be overcome would create a boom in the sector’s exports.
Qalaa Holdings, Major Banks in Egypt Finalize Debt Settlement Deal
Qalaa Holdings has announced the signing of an agreement to settle all its debts to Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank of Kuwait in exchange for approximately EGP 4.547 billion. The debt will be settled through stocks while keeping the right to repurchase; land; and compensation for exchange rate changes and stock market price fluctuations beyond the agreed upon price.
Petroleum Minister Follows Up on the Latest Developments of Natural Gas Delivery Projects
Minister of Petroleum and Mineral Resources Tarek El Molla has taken measures to review the implementation of projects to deliver natural gas to homes and the activity of supplying cars with gas during the current fiscal year 2023/2024 until the end of last March.
