Egypt to Boost Gas Output to 7.95 bcf/d in FY 2019/20
The increase is directly linked to the boost in production from the second phase of North Alexandria project and from Zohr field.
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.
Shell, Revolta Sign Cooperation Protocol
Shell Egypt and Revolta Egypt inked a cooperation protocol on May 19 in a ceremony held at Mohamed Ali Palace to promote the concept of using electric vehicles (EVs) in Egypt.
GASCO Plants in Western Desert, Amreya Produce 26.6 M tons
The Western Desert Gas Complex and the Amreya Butane Factory provided the Egyptian market with 10 million tons of butane.
IMF, Egypt Reach Agreement on Egypt’s EFF Fifth Review
The staff-level agreement will still be pending approval from the IMF executive board, which will make the final $2-billion tranche available, bringing total disbursements to $12 billion.
Egypt Generates 6,000 MW from Renewables
Egypt successfully generated total of 6,000 MW from renewable resources, including 2,000 MW from solar plants and wind farms.
ADES International Revenues from Egypt Reach $87.2 M by End of 2018
ADES International Company announced that its revenues from Egypt reached $87.2 million at the end of 2018, recording 42.4% of its total revenues in 2018.
Egypt Gas Net Profits Reach EGP 8.93 M in Q1 2019
Egypt Gas net profits reached EGP 8.927 million, after recording EGP 13.54 million losses during the same period in 2018.
Egypt to Attract $10 B Petroleum Investments in FY 2019/20
The Egyptian oil and gas sector plans to attract $10 billion investments in fiscal year (FY) 2019/20, adding to the $30 billion invested over the past three years.
Al-Manar Group to Boost Production by 35%
The factory will be producing 10,000 tons per year of automotive lubricants, covering the company's expansion plans across the country.
