Petroleum Arrows to Increase Fuel Distribution by 4%
Petroleum Arrows aims to increase the transportation and distribution of petroleum products by 4% in 2019.
News / Egypt
Petroleum Ministry to Raise Pumped Fuel During Eid
Pumped fuel rates will be increased by up to 20% during the Eid holiday, with 25 million liters per day supplied to the local market, according to
Abed Ezz El-Regal, CEO of the Egyptian General Petroleum Corporation (EGPC).
Egypt Not Selling its Stake in Zohr: Cabinet
Egypt’s stake in the natural gas giant field remains unchanged, the Egyptian Cabinet stressed, asserting that all the rumors circulating in the media have no validity.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Electricity Consumption Falls by 2.59% YOY
Egypt’s electricity consumption decreased by 2.59%, recording 11.3 megawatts per hour (MWh) in February 2019, compared to 11.6 MWh in February 2018.
Egypt Diesel Output Declines by 11.83% YOY
Egypt’s diesel production decreased by 11.83% YOY in March 2019, recording 529,000 tons, compared to 600,000 tons consumed in March 2018.
GUPCO Deal to Add 70,000 b/d to Dragon Oil Portfolio: CEO
The $600 million transaction is a part of Dragon Oil's $13 billion expansion plans, of which $500 million are allocated for acquisition transactions in 2019.
Egypt Files 75 Cases Against Petroleum Manipulators
The Egyptian supply and trade police was able to monitor movements in the Egyptian market and to file 75 cases against petroleum products and butane cylinders manipulators in four days.
Ministry of Petroleum Issues New Promotions and Transferals
The Egyptian Ministry of Petroleum issued new promotions and transferals of company Heads with the aim to exchange expertise and support production sites of human talents and efficiencies.
Electricity Projects Receive EGP 53 B in FY 2019/2020
Investments that support production and development projects in the electricity sector have reached around EGP 53 billion during fiscal year (FY) 2019/2020.
