CBE Announces Balance of Payments for H1 2019/20
Egypt’s balance of payments ran an overall surplus of $ 410.9 million in H1 2019/20 compared to an overall deficit of $1.8 billion in the same period in 2018/19.
News / Egypt
Petroleum Arrows Transports 10 MM Liter of Petroleum Products Daily
Petroleum Arrows has transported more than 10 million liter of petroleum products per day during 2019, with an increase of 24.5% compared to the previous year.
Egypt Connects 10.7 MM Housing Units with Natural Gas
Egypt has connected a total of 10.7 million housing units with natural gas up until January 2020.
Egypt Produces One Million Butane Cylinders Daily Despite COVID 19
The Head of the Liquefied Petroleum Gas (LPG) Investors Association, Mohamed Saad El Din, said that all the butane filling plants are working at full capacity to cover the citizen’s needs, producing more than one million butane cylinders per day despite the current crises of COVID 19 outbreak.
Qarun to Save $12.6 MM by Reduction of Production Costs
Qarun Petroleum aims to save $12.6 million by reduction of production costs in its concession areas in Egypt, during the H2 2019/20.
Natural Gas Delivery Reaches 458,000 Housing Units
Natural gas was delivered to 458,000 housing units, concluding 40% of the total number of customers during the year all over Egypt, according to Wael Gowayed, Chairman of Egypt Gas Company.
EPROM Achieves the Highest Performance Rates in 2019
The Head of Egyptian Projects Operation and Maintenance (EPROM) company, Amgad Al Ahmady, said that his company has achieved the highest rates of performance and assets’ preservation in the fiscal year (FY) 2019.
Regas Signs Protocol to Connect Natural Gas Worth EGP 3 B
Gas Regions company (Regas) announced that it has signed protocol to connect natural gas to New Alamein with expected investment costs worth EGP 3 billion.
MSMEDA Funds Car Gas with EGP 10 MM
Micro, Small and Medium Enterprise Development Agency (MSMEDA) has funded the Natural Gas Vehicles Company (Car gas) with a EGP 10 million contract for a new phase of supplying 2,000 converted cars with dual fuels of natural gas and gasoline.
EMC Showcases 2019 Achievements
Egyptian Maintenance Company (EMC) has announced its 2019 achievements, with a diversity of operations as well as several new contracts with major international companies, which support the petroleum sector technically and technologically with the highest standards.
