Cabinet Denies Electricity Prices Increase for July
The Cabinet said that the assumed percentage is inaccurate and any official increase will be announced by the Cabinet through an official press conference.
News / Egypt
Shell Holds Farewell Iftar for Hanter
Royal Dutch Shell held a farewell iftar for Gasser Hanter, Shell Egypt's Country Chairperson, to celebrate the 26 years he gave to the company.
EGAS Offers 13 LNG Cargoes in June, July
EGAS offered 13 gas cargoes to be shipped from Idku liquefaction plant in June and July 2019.
Tao Field to Operate in June
Egypt Kuwait Holding (EKH) Company announced that Tao field, in the offshore North Sinai, is expected to begin operating in June 2019. The company forecasts that the full impact of the drilling campaign is to hit their income statement during H1 of 2020.
Egypt to Export 12 M Tons of Natural Gas in FY 2019/20
Egypt is expected to export around 12 million tons of natural gas for $2 billion in fiscal year (FY) 2019/20, compared to 4 million tons exports for $589 million in FY 2018/19 budget plan.
El Molla Reviews HR Management Pillar Development
Egyptian Minister of Petroleum, Tarek El Molla, met with the HR Management pillar team to review the recent updates in the HR Management projects.
Eni Supports Children Burns Medical Services in Egypt
As a part of its CSR, Italian Eni signed MoU with the Egyptian health ministry to support Egypt's burns medical services, especially in case of children burns.
Latest Achievements in Oil, Gas Sector
During the past few years, the ministry launched two mega projects to collect geological and physical data from the territorial waters of the Egyptian Red Sea and Upper Egypt with investments exceeding $750 million, adding these two areas to the Egyptian exploration map.
Electricity Prices to Rise in FY 2019/20
The Ministry of Electricity said that the electricity rates must increase in fiscal year (FY) 2019/20.
Ministry of Petroleum to Invest $18 B in Gas Projects
The Ministry of Petroleum aims at developing 11 natural gas projects in different concession areas, with investments totaling $18 billion.
