Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
News / Egypt
PhosPhate Misr Sales Rise by 9% in 2020
PhosPhate Misr Company achieved 2.4 million tons of its phosphate sales in 2020, representing 9.2% over 2019, despite the effects of COVID-19 pandemic, according to a press release.
Nasr Petroleum Achieves 58% of Environmental Reform Plan
Minister of Environment, Yasmine Fouad made an inspection tour to implement the environmental reform plan for Nasr Petroleum Company which reached 58% in its experimental first phase and 25% for Suez Oil Processing Company (SOPC).
El Molla Discusses Energy Cooperation with Croatia FM
The Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the Croatian Minister of Foreign and European Affairs, Gordan Grlić, to discuss possible energy cooperation between Egypt and Croatia.
Norway’s PGS Contracts for Offshore Egypt Survey
Norway’s PGS has been awarded a high-fidelity 3D exploration survey program offshore Egypt by an unknown major oil company.
Aton Prepares to Drill Hamama, Rodruin Prospects
Aton Resources began evaluating drilling contractors and civil works contractors in preparation for drilling Hamama and Rodruin prospects.
Shell Wins Award of Most Growing Investor in Oil, Gas Sector
Shell won the BT100 award for the most growing investor in Egypt’s oil and gas sector for its role in developing the energy sector’s infrastructure.
EOG Hosts First Female Empowerment Webinar
In celebration of Women’s History Month and to recognize the remarkable milestones women had reached in the oil and gas industry, Egypt Oil & Gas (EOG) Committee hosted the first female empowerment webinar ‘She is Energy’ on Tuesday, March 30. The webinar was organized by EOG Newspaper, supported by the Ministry of Petroleum and Mineral Resources, and sponsored by Enap.
EGPC, Pharos Energy Agree to Amend Fayoum Concession Agreement
Pharos Energy and the Egyptian General Petroleum Corporation (EGPC) have agreed to amend the terms of El Fayoum Concession in the Western Desert, which will raise Pharos's cost recovery petroleum percentage from 30% to 40%.
Maridive Participates in Salvaging the Ever Given Container Carrier in Suez Canal
Maridive and Oil Services Company takes pride in its contribution to refloat the giant Panamanian container carrier (Ever Given) that was grounded in the Suez Canal, blocking the channel on Tuesday, March 23, 2021.
