The oil trade balance recorded a surplus for the first time since Fiscal Year (FY) 2012/13, registering $8.1 million as a result of the leap in investments in the oil and gas sector, a press release by the Central Bank of Egypt (CBE) indicated.
The Embassy of Chile in Cairo has celebrated the 209 Chile National Day, marking the independence anniversary from the Spanish colonial rule on September 18, 1810.
Agiba Petroleum Company has increased its crude oil production to nearly 45,000 barrels per day (b/d) from its fields in the Western Desert and the Gulf of Suez, a source at Agiba Petroleum said to Amwal Al Ghad newspaper.
The Egyptian General Petroleum Corporation (EGPC) plans to extend importing crude oil from Kuwait, an official source told Al Maal Newspaper.
Rome-based Eni S.p.A. plans to link well number 13 of offshore Zohr gas field, located at the Mediterranean, to production by next week, a source at the petroleum sector told Al-Borsa Newspaper.
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Minister of Petroleum and Mineral Resources Tarek El Molla has reviewed preparations related to EGYPS conference, due to be held in Cairo on 11-13 February, 2020, a press release said.
Under the slogan “Together Anything Is Possible”, Shell Egypt held the sixth edition of a two-day conference about technological entrepreneurship at Sahl Hashish in Hurghada, a press release stated.
The Egyptian investment bank EFG Hermes Holding S.A.E. was picked by Saudi Arabia to be one of 15 banks that have secured joint bookrunner roles on Saudi Aramco’s Initial Public Offering (IPO), Bloomberg has reported.
Egyptian Natural Gas Holding Company (EGAS) has canceled a tender for six Liquefied Natural Gas (LNG) loading cargoes from the Idku plant, after it was scheduled to be offered during the period between October to November 2019 as Free on Board (FoB) shipping, Reuters quoted three sources as saying.
