Oil prices are expected to remain at $50 per barrel (bbl) until the end of 2021 when a vaccine is available, Minister of Petroleum and Mineral Resources, Tarek El Molla, stated during the sixth edition of the Mediterranean Dialogue (MED) titled “Beyond the Shock: Rethinking the Energy Industry after COVID-19”.
TechnipFMC commenced its work on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Petroleum products subsidies fell by about 46% during Q1 of the current fiscal year (FY) 2020/21.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has met the European Union (EU) to Egypt Ambassador, Christian Berger to discuss partnership initiatives in the energy sector between Egypt and EU and how to be boosted during the upcoming period.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has inaugurated the National Advanced Transmission and Automation Center (Nata) which is dependent to Egyptian Natural Gas Company (Gasco), after its update.
Noha Khidr, Egypt's ambassador to Dakar, met with Sophie Gladima, Senegalese Minister of Mines and Geology, to discuss ways to increase cooperation between the two countries in the fields of energy and petroleum.
The Egyptian Ethylene and Derivatives Company (ETHYDCO) has conducted a successful second-level fire drill.
The Egyptian General Petroleum Corporation announced that it has succeeded in obtaining a membership in the International Association Oil and Gas Producers under the framework of the Ministry of Petroleum and Mineral Resources’ Modernization project and application of highest health, safety and environment (HSE) measurements within oil and gas sector.
The Egyptian Accreditation Council (EGAC) has accredited Nasr Petroleum Company’s (NPC) General Administration for Chemical Research’s laboratories with International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) 17025: 2017.
