Gastec Suspends Late Premium Payment Penalties
Gastec cancels car conversion's late premium penalties.
News / Egypt
MIDOR Issues Tender to Sell Gasoil Cargo
MIDOR company has issued a tender to sell a cargo of gasoil containing 0.1% Sulphur in May.
Egypt Profits from Al Sukari to Reach EGP 5.8 B
The General Manager of Centamin Egypt company, Youssef El Raghy, uncovered that the Egyptian government’s total profits from Al Sukari gold mine is about to reach EGP 5.8 billion since it has officially been a stakeholder until now.
WEPCO’s Production Reaches 3,500 bbl/d
Western Desert Operating Petroleum Company’s (WEPCO) production has reached 3,500 barrels per day (bbl/d) after streamlining well Badr 4-6.
OPEC+ Decisions Could Curb Oil Supply by 20%
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global oil supply by 20%.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Egypt Participates in OPEC+ Meeting
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to cut overall oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, 2020.
Egypt Cuts Gasoline Prices by EGP 0.25/liter
Egypt's Fuel Automaitc Pricing Committee announced that all gasoline types will be cut by about 25 piasters per litre, effective as of April 11.
Petroleum, Tourism, Aviation Ministries Discuss Cooperation
The Minister of Petroleum and Mineral Resources, Tarek El Molla, Khaled Al-Anani, Minister of Tourism and Antiquities, and Mohammad Manar Enabah, Minister of Civil Aviation, discussed forming joint coordination between the three ministries to implement controls and proposals for the Aviation Incentive Program.
Gastec Launches New Natural Gas Fuel Station
The Egyptian International Gas Technology (Gastec) launched its second Beni Suef’s natural gas fuel station, operating at a capacity of 900 cubic meters per hour (m3/h) and provided with six charging points.
