The Ministry of Investment and International Cooperation announced in an official statement on October 3, 2019 that four Egyptian ministers held a meeting with the World Bank Group Support for Pollution Management headed by WB’s Regional Director in Egypt, Marina Wes.
Egypt and France have signed two grants on Tuesday, October 8, 2019 with a total value of €71 million (EGP 1.2 billion) to fund the €68-million project of delivering natural gas to houses, in addition to a €3-million program of energy sector support, according to an official press release.
Royal Dutch Shell witnessed an increase in its natural gas output from Rashid and West Nile Delta Burullus fields in September to 290 million cubic feet per day from 220 mcf/d during August, a source in the Egyptian Natural Gas Holding Company (EGAS) said to Al Borsa newspaper.
The seventh tripartite summit between Egypt, Cyprus, and Greece will be convened on Tuesday, October 8, 2019 in Cairo, according to a governmental statement published on SIS.
The Egyptian Company for Natural Gas Distribution (Town Gas) delivered natural gas to 200,000 new customers from total of 300,000 customers which are scheduled to be added during the coming two months, an official source in Town Gas said to Al Watan newspaper.
Tarek El Molla, Minister of Petroleum and Mineral Resources met Jeremy Cozier, Principal Verve International President, and Brian Rudd, Executive Director at Capital Drilling, to discuss the investment opportunities in Egypt.
Rockhopper Exploration plc, the oil and gas exploration and production firm, announced in a press release published on October 7, 2019 that the transaction of selling its unit, Rockhopper Egypt Pty Limited, to United Oil & Gas plc (United) is still on track and to be completed by the end of the fourth quarter of 2019.
Tarek El Molla, the Minister of Petroleum and Mineral Resources, has received Medard Kalemani, Tanzania's Minister of Energy, and his delegation in order to seek the cooperation between the two parties, and opportunities for Egyptian oil and gas firms to enter the Tanzanian market, aiming to execute diverse projects and activities.
During the signing of a joint cooperation protocol between the General Trade Union for Petroleum Workers (GTUPW) in Egypt and Federation of Petroleum Employees and Workers' Unions in Lebanon (FPW) in Lebanon on Sunday October 6, 2019, Mohamed Saafan, the Minister of Manpower, asserted the importance of the bilateral relations between Egypt and Lebanon, which are based on the principle of mutual respect and continuous consultation and coordination of views.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
