News / Egypt

Egyptian, Lebanese Petroleum Unions Sign Cooperation Protocol

During the signing of a joint cooperation protocol between the General Trade Union for Petroleum Workers (GTUPW) in Egypt and Federation of Petroleum Employees and Workers' Unions in Lebanon (FPW) in Lebanon on Sunday October 6, 2019, Mohamed Saafan, the Minister of Manpower, asserted the importance of the bilateral relations between Egypt and Lebanon, which are based on the principle of mutual respect and continuous consultation and coordination of views.

Monday Minutes: Economic Snapshot

A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

Petroleum Ministry Collaborates with Global Consultant to Enhance Investment Models

The ministry is currently working on several tracks to develop the practice of mining activity in line with the ongoing legislative reforms in order to enhance the mining sector’s contribution in the Gross Domestic Product (GDP), which corresponds to Egypt’s mining potential, El Molla added.

Egypt Trims Gasoline Prices by EGP 0.25/liter

Egypt's Fuel Automatic Pricing Committee decided to cut the price of all gasoline types by 25 piasters per liter effective on Friday, October 4, 2019, at 12 AM.

Egyptian Cabinet Approves Re-Pricing Gas for Some Industries

Prime Minister Mustafa Madboly announced that the Egyptian Cabinet approved the recommendations of the Ministerial Committee to re-price natural gas for some industries on September 30, 2019.

AMOC Transfers Alexandria Wax Products’ 455 Shares to EGPC

Alexandria Mineral Oils Company (AMOC) transferred 455 shares from Alexandria Wax Products Company, one of its affiliates, to the Egyptian General Petroleum Corporation (EGPC).

Enppi, Saipem Ink Cooperation Agreement

Enppi and Saipem inked a cooperation agreement in the field of engineering.

NREA to Link 1,465 MW Solar to National Grid

The National Renewable Energy Resources (NREA) prepares to link 1,465 megawatts (MW) solar to the national grid of electricity in October.

El Molla, Nunn Discuss Oil, Gas Areas of Cooperation

The Minister of Petroleum and Mineral Resources Tarek El Molla received Cyrill Nunn, the German Ambassador to Egypt, following the assumption of Nunn’s new position in Egypt.

Remarkable Oil, Gas Achievements in 2019

Egypt’s oil and gas sector has managed to achieve several successes throughout 2019.

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