The Egyptian Company For Natural Gas Distribution (Town Gas) connected 230,000 housing units with natural gas in 2020 where some areas had natural gas for the first time such as Al Badrashin, Atfih, Abu Anomros, and Nazlet Asamman in Giza governorate and Nafisha in Ismailia governorate.
Sidi Kerir Petrochemicals Company (Sidpec) started Phase 2 of its Strategic Energy Review (SER) Project with KBC, a Yokogawa Company, on March 14, 2021.
Gas Region company’s (Regas) revenues amounted to a record of EGP 801 million in 2020, indicating an increase of 10% over 2019’s.
The Egyptian Maintenance Company (San Masr) achieved a growth rate of EGP 6.6 billion, an increase of 30% over 2019, Mohamed Shimy, Chairman of the company, stated during San Misr’s general assembly.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Petroleum Arrows Company transported about 11 million liter of petroleum products per day during 2020, representing 25.5%, according to a press release.
The Minister of Petroleum and Mineral Resource, Tarek El Molla, held the regular meeting to review the executive procedures of the expansion project of natural gas stations, and natural gas car conversion during the current fiscal year (FY) 2020/2021 as per presidential initiative to replace, and convert cars to run on natural gas, according to a press release.
TransGlobe Energy announced the successful recompletion of SGZ-6X well into the lower Bahariya reservoir at South Ghazalat concession in the western Desert, according to a press release issued by TransGlobe Energy cited.
Egypt’s liquified natural gas (LNG) exports increased by a total of 1.6 billion cubic meters (bcm) of equivalent natural gas, reaching about 17 shipments during Q4 of 2020 compared to six shipments during Q1 of 2020, according to the Cabinet.
Aton Resources has appointed Assem Soliman as the new Director of the company effective immediately.
