Oil Production to Reach 720,000 b/d by 2020
The Petroleum sector seeks to raise its daily crude oil production to reach 720,000 barrels per day (b/d) by the end of fiscal year (FY) 2019/2020.
News / Egypt
Wintershall Dea Intensifies E&P Activities in Egypt
The Minister of Petroleum, Tarek El Molla, discussed future cooperation with Wintershall Dea to intensify the exploration and production (E&P) activities in the Egyptian sedimentary basins.
Prepaid Electricity Meters to Reach 10 MM by Mid-2020
The Electricity sector is planning to increase the number of the active Prepayment Electric Meters to reach 10 million meters by mid-2020.
El Molla Discusses Mineral Wealth Law Amendments
Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed new modifications of the mineral wealth law with the House of Representatives.
Electricity Sector to Transform 4.3 KM of Overhead Power Lines
The Egyptian Electricity sector is planning to finalize several projects to transform 4.3 kilometers (KM) of overhead power lines into underground cables, according to a source in the Ministry of Electricity and Renewable Energy.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
El Sisi Approves Egypt-Cyprus Gas Pipeline
Presidential decree number 537 for the year 2019 was issued on July 4 approving the governmental agreement between Egypt and Cyprus to establish direct natural gas subsea pipeline.
Egypt Introduces New Fuel Pricing Indexation Mechanism
Egypt will start applying the new fuel pricing indexation mechanism to all petroleum products starting from Q4 2019.
Government Closely Monitoring Fuel Market
Operations rooms at the Ministry of Petroleum and the Cabinet's Information and Decision Support Center (IDSC) are closely following fuel distribution and transportation prices.
Egypt Announces New Fuel Prices
The Egyptian Cabinet announced the new fuel prices on July 5, increasing prices by around 25% after subsidy cuts.
