Dana Gas Delays Selling Egypt’s AssetsÂ
Dana Gas confirms delaying selling its assets in Egypt.
Egypt | Egypt Oil & Gas - Part 464
Dana Gas confirms delaying selling its assets in Egypt.
The Egyptian Prime Minister, Moustafa Madbouly, has announced extending a nationwide curfew for more two weeks starting from 9 April until 23 April, in line with the precautionary measurements taken by the government to combat coronavirus outbreak.
SDX company announced a new commercial discovery at Sobhi Well which is located in the South Disouq Exploration Permit onshore Nile Delta saying that the well has encountered 108 feet net of high-quality gas- bearing sands with an average porosity of 20%.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, affirmed the availability of petroleum products across the local market and that there is a strategic plan in the works to cover the domestic market's demand.
SDX company said that its operations in Egypy remain unaffected by the outbreak of Coronavirus at present through the first quarter (Q1) of 2020.
The Egyptian Drilling Company (EDC) now owns 60% of the local offshore drilling market.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
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.
The Egyptian Cabinet announced that the initial operation of the electricity grid connecting Egypt and Sudan started with 220 Kilo volt on April 3.
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.