DEA, SUCO Launch Women’s Day Symposium
DEA announced that the symposium tackled new methods that empower women's achievements and enhance their role in the society so that they are encouraged to take on more opportunities.
News / Egypt
Petrojet Revenues Hit New Record High
The surge in revenues is attributed to the unprecedented volume of contracts that were signed last year, which totaled EGP 40 billion.
Petroleum Products Consumption Declines 8.3% YOY
Egypt’s consumption of petroleum products decreased by around 8.3% year-on-year (YOY) in January 2019 to 2.649 million tons, compared to 2.896 million tons in January 2018.
Egypt to Cut Petroleum Subsidies by 42% in FY 2019/20
The Egyptian government decided decreasing petroleum products subsidies by 42% in the budget plan of fiscal year (FY) 2019/20.
El Sisi Approves Gas Market Law Amendments
The amendments are related the part of the law dealing the collection of fines resulting from the violation of the law.
EMC Signs a 10-Year Agreement with Jordan’s Arab Potash
The Egyptian company was further awarded a contract to provide and install a natural gas liquefaction line in the Gulf of Aqaba.
Egypt to Utilize its Geothermal Energy
Egypt plans to produce 20% of its electricity demand from renewable resources, including solar energy, wind power, and hydropower, by 2022, and increase it to 40% by 2035.
Egypt’s Natural Gas Output Increases 19% YOY
Egypt’s natural gas output increased by 18.998% year-on-year (YOY), reaching 4.278 million tons in January 2019, up from the 3.595 million tons produced in January 2018.
Red Sea Bid Winners Permitted to Sell Production: Ganope
Ganope announced that the companies that have been awarded Red Sea 10 exploration blocks will have the right to sell its production shares locally or export it with the Ministry of Petroleum’s approval.
Egypt to Export Electricity to Syria, Iraq via Jordan
The Ministry of Electricity and Renewable Resources began meeting with Jordanian officials to boost the capacity of the interconnector from 450 MegaWatt (MW) to 1,000 MW.
