BP Seeks Approval to Sell GUPCO’s Stake
The Ministry of Petroleum will issue the approvals after Dragon Oil confirms its commitment to the new terms of agreement with BP in GUPCO's concessions.
News / Egypt
EGYPS 2020 to Cover 15 Topics in Technical Conferences
The Egypt Petroleum Show (EGYPS 2020) is set to cover 15 oil and gas industry topics in its technical conferences and is currently receiving papers submissions for these conferences.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Egypt Establishes 26 Power Plants in 5 Years
The 26 stations include 114 electricity-generating units, which produced around 25,000 MW and helped the sector achieve an electricity surplus.
Egypt Saves $350 M from Energy Efficiency
Improving energy efficiency at the Egyptian refineries and production units helped Egypt save $350 million per year.
Petroleum, Electricity Ministries Agree on Gas Price for Power Plants
The Ministry of Petroleum along with the Ministry of Electricity agreed to sell natural gas for $3 per 1 million thermal units (mtu) in the budget plan of fiscal year (FY) 2019/20.
BP to Sell Egyptian Stake to Dragon Oil
The transaction is set to take place in the coming weeks and would be the end of BP's 50 years journey in the Gulf of Suez Petroleum Company (GUPCO).
Misr Petroleum Inaugurates Two New Filling Stations
Misr Petroleum Company's head, Hussein Fathy, inaugurated two new filling stations in Abu Sir, Ismailia; and Bahr el Baqar, Port Said.
Egypt, Cyprus, Greece Sign Electricity Interconnection Deal
Egyptian Electricity Transmission Company (EETC) signed a framework agreement with Euro Africa Interconnector Company to connect the power grids of Egypt, Cyprus and Greece through Crete.
Ministry of Petroleum Issues New Promotions
The Egyptian Ministry of Petroleum issued new promotions and transferals to let employees exchange expertise and support production.
