Ethydco To Establish Ploybutadiene Project Worth $180 Million
The CEO of Ethydco Company, Abdel Mageed Heagazy, said that his company is planning to establish the first project in Egypt to produce polybutadiene with investment costs $180 million.
News / Egypt
Egypt, Sudan Start Operating Joint Electricity Grid
The Egyptian Cabinet announced that the initial operation of the electricity grid connecting Egypt and Sudan started with 220 Kilo volt on April 3.
New Town Gas Chairman chairs Board of Directors Meeting
Mohamed Kandil, the new Chairman and Managing Director of the Egyptian Company For Natural Gas Distribution (Town Gas), chaired his first board of directors meeting.
Gastec Increases Revenues by 60% in 2019
The Egyptian International Gas Technology's (Gastec) net profits increased in 2019 to EGP 64.2 million from EGP 14.2 million in 2018, and increased its revenues by 60% recording EGP 1,381 billion in 2019 against EGP 866,8 million in 2018.
Nile Petroleum to Operate New 17 Fuel Station in 2020
The Chairman of Nile Petroleum Company, Nasser Shoman, said that his company is planning to operate new 17 fuel station during the fiscal year (FY) 2020 in addition to establishing sharing stations with the companies which transforming the vehicles to run on natural gas and supplying two airplane units.
Fajr Egypt Boosts Jordan’s Electricity
The Chairman of Fajr Egypt company, Mohamed El Shorbagy, showcased the company’s 2019 achievements and its contribution inside and outside the country, noting that its subsidiary, the Egyptian Jordanian Fajr Natural Gas, has reinforced natural gas usage in Jordan, where 90% of electricity generation now depends on natural gas.
Car Gas Increases Converted Cars by 122%
Natural Gas Vehicles Company (Car gas) increased the number of natural gas converted cars by 122% reaching 22,649 cars in 2019, compared to 10,212 cars in 2018.
PMS Raises Assets by $3 MM in 2019
Petroleum Marine Service (PMS) raised its assets and units by about $3 million in 2019.
The Cabinet Invalidates New Fuel Prices
Hamdy Abdel Aziz, Spokesperson for the Ministry of Petroleum and Mineral Resources, invalidated the fuel prices shared on social media as of April 1.
Tharwa Petroleum to Drill Seven Wells in 2020
The Chairman of Tharwa Petroleum Company, Amr Elleithy, said that the company is planning to drill seven exploratory and developmental wells during 2020, noting that it seeks to obtain six concessions areas and cooperate with major international companies (IOCs) of Total, ExxonMobil, Chevron, BP, and Shell.
