Benban Solar Park Attracts over $2 B Investments
Benban solar park, which is set to be the biggest in the world, attracted over $2 billion investments.
News / Egypt
EGAS Forecasts 12.3% Increase in Gas Consumption
EGAS expects the country's natural gas consumption to grow by 12.3%, reaching 7.3 bcf/d in FY 2019/20.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Qalaa Holdings’ Revenues to Exceed EGP 90 B in 2020
The company will gain between EGP 50-55 billion from the Egyptian Refining Company (ERC), which is set to start operating in Q3 2019.
Egypt Increases Pumped Fuel by 7% during Ramadan
Butane will be increased the most as the county is adding 100,000 butane cylinders per day to the amounts pumped into the market, boosting the total to 1.25 million cylinders per day.
Egypt Sets Oil Price at $68 in 2020 Budget
The budget for fiscal year (FY) 2019/20 estimates oil prices at $68 per barrel, down from $70 of in FY 2018/19.
Phosphate Ore to be Explored in Abu Tartur
Minister of Petroleum and Mineral Resources Tarek El Molla has signed an agreement with the Egyptian Mineral Resources Authority (EMRA) and Phosphate Misr Company to ensure the exploration of phosphate ore.
Egyptian Oil, Gas Companies to Participate in Lebanese Bid Rounds
Egyptian oil and gas companies that work in infrastructure are ready to participate in bid rounds in the oil and gas sector in Lebanon.
Schneider Electric in Talks for Work in Dabaa Nuclear Project
Schneider Electric Russia has begun negotiations with Rosatom to participate in Dabaa nuclear plant in the upcoming period.
Egypt to Support Lebanon Overcome Energy Challenges
Egypt is ready to support Lebanon to overcome its challenges in many sectors, including the energy sector, according to Prime Minister Mostafa Mabdoly.
