Fuel Resumes to Normal Pumping Rate
The fuel pumping rate into market will get back to 20 million liters a day, after it has been increased with almost 10% to reach 25 million liters during Eid al-Adha.
News / Egypt
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’s Fuel Exports Surpass $600 MM
The petroleum sector’s fuel exports’ total value exceeded $600 million.
Petroleum Sector Delivers Natural Gas to 10 MM Housing Units
Tarek El Molla, the Minister of Petroleum, announced that the natural gas grid reached around 4 million housing units during the last five years, reaching a total of 10 million units across Egypt.
Egypt’s Crude Oil Production to Reach 690,000 b/d
Tarek El Mola, the Minister of Petroleum announced that average crude oil production reached 630,000 barrels per day (b/d) and that the petroleum sector aims to reach 690,000 b/d by the end of this fiscal year (FY).
Natural Gas Hits Highest Production Level
Natural gas production rose to its highest level, reaching about 6.8 billion cubic feet per day (bcf/d).
Ministry of Petroleum Continues Upgrading Gas Grid
Minister of Petroleum and Mineral Resources Tarek El Molla confirmed the sector's commitment to enhance the efficiency of the national gas grid.
Natural Gas to be Primary Source of Fuel
Minister of Petroleum Tarek El Molla revealed an integrated work plan that is underway to expand the use of natural gas as a primary source of fuel for cars.
Zohr Production More Than Triple in H1
Production at the Zohr natural gas mega field surged in H1 2019 to reach a total of 11.3 billion cubic meters, increasing by 3.6 times compared to a year earlier.
EETC Awards Siemens Five-Year Grid Development Deal
Siemens announced that the Egyptian Electricity Transmission Company (EETC) has awarded the company a series of five-year grid studies.
