Maait: New Fees on Octane, Diesel Not to Increase Prices
The Minister of Finance, Mohamed Maait, said that the new fees that will be imposed on octane and diesel will not increase their current prices.
News / Egypt
Copetrol, E-finance Sign Contract for Issuing Fuel Smart Cards
Co-Operation Petroleum Company (Copetrol) signed a three-year contract with E- Finance Company to issue pre-payed smart cards for supplying fuel to the governmental agencies, which goes in line with the digital transformation projects adopted by the state.
Egypt Grabs 1% of the International LNG Exports Market in 2019
Egypt's share of international Liquified natural gas (LNG) exports market jumped to 1% in 2019 after exporting about 3.5 million ton (MT), a 2 MT increase compared to 1.4 MT in 2018.
Hesham Mekawi to Step Down from his Position in BP
BP announced that Hesham Mekawi, the Regional Presiden for North Africa, has decided to step down from his position and retire as of the end of 2020.
Egypt Gas, Town Gas Sign an EGP 232.8 MM Deal
Egypt Gas and Town Gas signed an EGP 232.8 million deal to deliver natural gas across several governorates.
Aton Obtains License Extension to Explore at Abu Marwat Concession
Aton Resources Company announced that it requested and has been granted a three-year extension to the final exploration period of its exploration license at its Marwat concession.
Petroleum, Environment Ministers Review Environmental Compatibility Plans
The Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed the industrial wastewater treatment issues in the Gulf of Suez and the Red Sea region with Yasmine Fouad, Minister of Environmental Affairs.
Eni’s Natural Gas Production in Egypt Records 1.217 BCF/D in Q1 2020
Eni’s production of natural gas in Egypt has reached 1.217 billion cubic feet per day (bcf/d) during Q1 2020, decreasing from Q1 2019’s 1.434 bcf/d.
Petroleum, Tourism Ministries Agree to Cut Airline Fuel Prices by $0.10 Per Gallon
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.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
