The Ministry of Petroleum and Mineral Resources is participating from 11 – 13 June in an international conference in Paris addressing the role of natural gas in the Mediterranean Region, with Minister Tarek El Molla as a keynote speaker.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
The Ministry of Petroleum has allowed Eni and BP to export natural gas produced from Zohr and North Alexandria through the Idku Liquefaction Plant, after meeting the local market needs.
Amendments to the mineral wealth law are expected to be passed by the House of Representatives during its current session.
The Ministry of Finance has officially negated the rumors circulating social media platforms about new fuel prices.
The Egyptian Natural Gas Holding Company (EGAS) aims to increase gas production by 4.8 billion cubic feet per day (bcf/d) by June 2022, bringing the total gas production in Egypt to about 11.3 bcf/d.
The Ministry of Petroleum and Mineral Resources confirmed the continuous follow-up on the gas grid that will deliver natural gas in the fiscal year (FY) 2019/2020 for the first time to a large number of areas, villages, and cities.
Petrojet worked on the Suez Canal tunnels in Ismailia and other projects with the Armed Forces Engineering Authority.
Ten new projects for oil and gas transmission lines are underway, in addition to three projects to increase the storage capacity in Delta, Upper Egypt, Greater Cairo, New Administrative Capital, Suez and Ain Sokhna.
Dragon Oil has reached a full agreement with BP for the acquisition and the deal is expected to be completed after obtaining the Egyptian Ministry of Petroleum’s approval in H2 2019 following the necessary procedures.
