Western Desert Operating Petroleum Company (WEPCO) has inked a deal with the Engineering for the Petroleum and Process Industries (Enppi) and Petrojet to establish two crude oil warehouses at Al-Hamra Petroleum Port with investments worth $64 million.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has issued a movement of transfers for general managers and assistants in the Security department of the petroleum companies. This movement is aiming at supporting the petroleum sites by needed efficiencies to achieve the future targeted goals and exchange the experiences.
The Cabinet passed 12 exploration and production (E&P) bills related to the oil and gas sector.
The Deputy Minister of Finance for Financial Policies, Ahmed Kojak, announced that the petroleum sector achieved surplus in the state public budget exceeds EGP 20 billion during the first nine months of the current fiscal year (FY) 2019/2020.
Aton Resources Inc. drew $77,000 in accordance with its bridge loan facility with Ou Moonrider
Commercial and household's electricity prices for Fiscal Year (FY) 2019/2020 and FY 2020/2021 will increase by 19% starting from July, the Minister of Electricity and Renewable Energy Mohamed Shaker announced during a press conference
The Ministry of Petroleum and Mineral Resources has taken several precautionary and preventive measures against the coronavirus (COVID-19) in order to limit the spread of the virus. The measures taken do not affect production and support Egypt’s economy to meet the needs of the local market.
Nile Valley Gas Company (NVGC), a subsidiary of Taqa Gas, delivered natural gas to 915 households in Beni Suef in May alone, bringing the total number of natural gas delivered to the governorate to 173,434 facilities.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
The Egyptian Prime Minister, Moustafa Madbouly, has received two reports from the Information and Decision support Center (IDCS) presenting the repercussions of coronavirus pandemic on international as well as local Energy markets.
