UOG Records 24% Increase in Abu Sennan Reserves
UOG recorded 24% increase to its Abu Sennan Gross 2P Reserves to 16.8 million barrels of oil equivalent (mmboe) from 13.5 mmboe at the beginning of 2020, according to UOG’s press release.
News / Egypt
Egypt to Establish a $100 MM Bioethanol Company
Egypt will implement the Egyptian company for bioethanol to be established on the land of the Egyptian Petrochemical Holding Company (ECHEM) in Damietta Port with about $ 100 million, the press release stated.
El Molla Participates in UN’s ECOSOC Forum
Minister of Petroleum and Mineral Resources, Tarek El Molla, participated in United Nations Economic and Social Council (ECOSOC) forum 2021 via video conference which came under the title of Financing for Sustainable Development, the press release stated.
Enppi’s Contracts Jump 50% in 2020
Enppi achieved a great leap in projects with an increase of 50% over 2019, according to press release.
Petrojet Carries out 350 Projects Worth EGP 53 B in 2020
Petrojet implemented 350 projects inside and outside Egypt with EGP 53 billion in 2020, increasing 15% over 2019, in addition to securing the business worth more than EGP 31 billion with an increase of 5% over 2019, according to press release.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Egypt to Have One Million NGV within Three Years: El Molla
The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that Egypt will have about 1,000,000 vehicles run on natural gas within the including converting and replacing 450,000 cars during three years in addition to 350,000 was previously converted.
El Molla Inspects Dahshour Gas Compressor Station Project
The Ministry of Petroleum and Mineral Resources, Tarek El Molla, has inspected the gas compressor station project in Dahshour to secure the consumption of natural gas as fuel for south Egypt in light of the state’s strategy for sustainable development which targets to increase investment in the Upper Egypt.
Gastec launches First Mobile Natural Gas Station in Egypt
Gastec company announced that it has established mobile station to supply natural gas for the first time in Egypt.
Eni Supports Health Sector in Egypt with 20 Ventilators
Eni company has delivered 20 ventilators to the Egyptian health sector worth $600,000 in light of the anti-covid medical supply initiative organized by the petroleum sector as well as international oil companies (IOCs) to support the efforts of the Ministry of Health to combat the pandemic.
