EGAS to Put 11 Gas Exploration Blocks for Bid Rounds
EGAS has finalized seismic studies and scans, and is waiting for the Ministry of Petroleum’s approval to set a date for the bid rounds.
News / Egypt
Qalaa Holdings Receives $120 M for ERC
The final tranche was requested by ERC's project finance lenders and is divided into $70 million for capital increase and $50 million for shareholders' loan.
Egyptian Butane Imports Increase by 10.58% YOY
Egyptian butane imports grew by 10.58% YOY, reaching 302,000 tons in March 2019, compared to the 273,100 imported in March 2018.
Misr Petroleum Inaugurates Kom Aushim Filling Station
The station's storage capacity increased to include 80-octane gasoline storage tank and 92-octane gasoline storage tank with 22,500 liters of storage capacity each.
Eni Completes Zohr Gas Processing Unit
Italian Eni finished establishing all the gas processing units for Zohr natural gas field in May 2019, boosting its processing capacity to 3.2 billion cubic feet per day (bcf/d) of gas.
Egypt to Turn 40,000 Vehicles into Gas-Powered Ones by FY 2019/20
Egypt will finish establishing 17 new filling stations that will provide cars with natural gas by the end of June 2020, in respect to an expansion project that aims to turn vehicles into gas-powered ones.
Petroleum Products Consumption Falls by 3.69% YOY
Egypt's petroleum products' consumption dropped by around 3.69% YOY in March 2019 to 2.711 million tons, compared to 2.815 million tons in the same month last year.
Egypt’s Natural Gas Production Increases by 28.75% YOY
Egypt’s natural gas production increased by 28.75% YOY, reaching 4.425 million tons in March 2019, up from 3.437 million tons produced in March 2018.
Egypt Considers Taking Over Siemens Power Plants
Egypt is studying offers from Edra Power Holding Sdn Bhd of Malaysia and Blacstone Group to take over Siemens' three electricity power plants.
Carbon Holdings to Receive $5.6 B for Tahrir Complex
The company received the land required for the project and is preparing to establish the complex and build a wall around it before the contractors start building the infrastructure.
