The Minister of Petroleum and Mineral Resources, Tarek El Molla, has agreed with the Minister of Tourism and Antiquities, Kaheld Al Anany to cut the fuel prices for airlines by $0.10 per gallon.
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SDX Energy company announced that it provided a successful flow rate test of natural gas at Sobhi well on the South Disouq exploration permit, in Egypt’s onshore Nile Delta.
Sinai Gas is now delivering natural gas to Nabaq Bay in Sharm El-Sheikh with 90% completion of the project and an investment of EGP 250 million.
The agreement conducted between Eni, the Egyptian Natural gas Natural Gas Holding Company (EGAS), and the Spanish company Naturgy to settle the disputes related to operating the Damietta liquefaction plant in Egypt has expired.
Dana Gas’s proceeds from selling its Egypt assets will go towards paying $397 million of outstanding Sukuk.
President Abdel Fattah El Sisi has witnessed the ending of the drilling operations of Ahmed Hamdy Tunnel 2 implemented by Petrojet under the Suez Canal.
The Ministry of Finance is cutting subsidies of petroleum products in the new draft budget project for fiscal year (FY) 2020/2021 by nearly 47%.
The Gas Regulatory Authority (GasReg) has discussed and showcased the operation code of the natural gas transportation system which will be applied as a main mechanism to regulate natural gas trade, create a competitive market, and establish the principles unifying the entities operating in the market.
The Chairman of Saad El-Din Group and the chairman of Liquefied Petroleum Gas (LPG) Investors Association, stated that the association is preparing for the first trial of transporting natural gas via tankers for the first time in Egypt during the ongoing week before the end of April 2020.
