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
El Molla Highlights Egypt’s Potentials to Become Ship Bunkering Hub
The Minister of Petroleum and Mineral Resources, Tarek El Molla, held a meeting to increase Egypt’s role as an integrated central hub for ship supply services which contribute in maximizing the added value.
Dana Gas Boosts Resilient Operational Performance in 2020
Dana Gas Company announced its preliminary unaudited financial Results for the full year 2020.
Green Car Incentives Program to Cost 7.1 B in First Phase
The Minister of Finance, Mohamed Maait, stated that the first stage of green car incentive program will cost EGP 7.1 billion to convert 250 vehicles over 20 years old with new vehicles to run on natural gas in seven governorates, as part of an initiative launched by President Abdel Fattah Al-Sisi.
Cabinet Approves Green Incentives to Convert Cars to Natural Gas
The Cabinet headed by Mostafa Madboulfy, the Prime Minister, approved to finance the proposed green incentive for car owners, as part of the President’s initiative, Abdel Fattah El-Sisi, to replace obsolete cars to run on natural gas.
Bechtel, Petrojet Sign Coker Supply Contract for SOPC Upgrade
Petrojet Company has selected Bechtel to supply the coker furnace equipment for the Suez Oil Processing Company’s (SOPC) energy efficiency and upgrade program.
Egypt Grants Akh Gold Exploration Concessions in Eastern Desert
Altus Strategies announced that its subsidiary, Akh Gold Limited, has been granted four gold exploration concessions for nine blocks in the Eastern Desert, totaling 1,565 km2 by the Egyptian Mineral Resources Authority (EMRA).
El Molla Receives Newly Formed AmCham Mining Committee
The Minister of Petroleum and Mineral Resources, Tarek El Molla, received mining committee delegation of the American Chamber of Commerce in Egypt (AmCham), which was recently formed for the first time in the Chamber history.
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 Prepare 750 Areas for Natural Gas Station Establishment
The Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the minister has prepared 750 areas to establish natural gas supply stations and already 368 areas has been done and the rest of areas’ agreements will be finalized.
