News / Egypt

Cairo Gas Works on New Project in New Administrative Capital

Cairo Gas Company announced its contribution to the implementation process of the needed infrastructure to extend irrigation water pipelines for the Green River area in the New Administrative Capital.

Dana Gas Pays Off Outstanding Sukuk in Full

Dana Gas has finally paid off its outstanding Sukuk of $309 million.

Al-Sisi Directs Gov’t to Expand Use of Natural Gas as Vehicle Fuel

The President Abdel Fattah Al Sisi gives instruction to the government to intensify the motivations for people to convert their cars to run on natural gas.

GPC Invests EGP 195 MM for FY 2019/20 Discoveries

The General Petroleum Company (GPC) allocated EGP 195 million for the discoveries made during the fiscal year (FY) 2019/20, Nabil Abdel Sadek, Executive Chairman of the Board of Directors, stated

Gempetco Achieves Record Oil Production of 10,000 b/d

Gemsa Petroleum Company (Gempetco) achieved a new record by producing 10,000 barrels per day of oil (b/d) after drilling activities for one year and three months despite coronavirus pandemic.

Monday Minutes: Economic Snapshot

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

Natural Gas-Based Industries to Operate in Free Zones

The House of Representatives gives the final approval on amending Article 34 of the Investment Law No. 72 for 2017 allowing the licensing of natural gas-based industry projects, especially fertilizers and petrochemicals, to work under the free zones systems.

The Cabinet Approves Mechanism to settle Debt Owed to MoP

The Cabinet approved to settle the debt owed to the Ministry of Petroleum and Mineral Resources by some companies affiliated with the Ministry of Public Business Sector for their natural gas withdrawals.

Aton Closes First Tranch of Private Placement at $160,000 

Aton Resources has closed the first tranche of $160,000 from its previously announced non-brokered private placement by Mining and Manufacturing Company (MEDAF).

WEPCO, Petrosafe Conduct Oil Spill Response Drill

Western Desert Operating Petroleum Company (WEPCO) and Petrosafe have come together to combat marine petroleum pollution in Al-Hamra Petroleum Port in the Mediterranean.

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