Al-Ghadban Reviews Car Conversion Project Updates
The Governor of Port Said, Adel Al-Ghadban, has met with several companies to review the latest developments in converting vehicles to run on natural gas.
News / Egypt
GUPCO’s Production Averages at 57,000 bbl During FY 2019/20
Gulf of Suez Petroleum Company’s (GUPCO) daily production has averaged around 57,000 barrels (bbl) during fiscal year (FY) 2019/20, and managed 20% in cost reduction per barrel last June.
Qarun Petroleum Pumps Investments Worth $190 MM in 2019/20
The Chairman of Qarun Petroleum Company, Ashraf Abdel Gawad, said that his company has pumped investments during the fiscal year (FY) of 2019/20 worth $190 million.
Kamal: Egypt to Achieve Fuel Self-sufficiency Soon
Egypt will very soon achieve self-sufficiency in diesel and gasoline very soon, Osama Kamal, the Former Minister of Petroleum and Mineral Resources stated.
BP: Egypt’s LNG Exports Reach 4.5 bcm in 2019
BP announced that the Egyptian Liquefied Natural Gas (LNG) exports had increased 2.6 billion cubic meters (bcm) recording 4.5 bcm during 2019, while the imports had decreased to 3.2 bcm as the end of 2018 after recording zero imports in 2019.
Monday Minutes: Economic Snapshot
A summary of the major macroeconomic updates and indicators brought to you on one page for your convenience.
Al-Sisi Calls For Boosting Cooperation with Eni
President Abdel Fattah Al-Sisi has called for boosting Egypt's cooperation with the Italian giant Eni to ease any obstacles that the company might face.
Petro Amir, Petro Safe Report Startling Results
Petro Amir Petroleum Company has announced that its achieved 102% of the set plan targeting to increase the production by drilling developmental well (Gyad 7) with investments $2 million in addition to another discovery one worth $3 million.
Madbouly: Investments of Petroleum Sector Reach EGP1.16 Trillion in Six years
The Prime Minster, Mostafa Madbouly announced that the investments of petroleum sector reached to EGP1.16 trillion during the past six years.
El Molla: Egypt to Achieve Self-Sufficiency of Petroleum Products by 2023
The Minister of Petroleum and Mineral Resources, announced that Egypt will achieve self-sufficiency of petroleum products especially octane by 2023.
