Zohr Production Reaches 2.7 bcf/d
Tarek El Molla, the Minister of Petroleum, announced that the production capacity of Zohr gas field has raised to 2.7 billion cubic feet per day (bcf/d), five months before the scheduled date.
News / Egypt
EGPC to Launch Oil, Gas Exploration Tender End of Year
The tender is expected to include from eight to 12 concession blocks, including areas in the Western Desert, the Gulf of Suez, and the Eastern Desert, where crude oil is expected be found.
KNOC to Boost Investments in Egypt
The Korea National Oil Corporation (KNOC) Chairman, Suyeong Yang stated that the company aims to expand its investments in Egypt to strengthen the bilateral relationship between the two countries, as well as for the active investments’ atmosphere in Egypt.
El Sewedy Electric Begins Commercial Operations in PV Power Plants
The projects’ capacity is 130 megawatt peak (MWp), with estimated annual 290-gigawatt per hour (GWh) of electricity produced by both projects, which will power more than 140,000 households while avoiding more than 120,000 tons of carbon dioxide a year.
ACWA Power Reviews Three Bids for Luxor Power Plant
ACWA Power is comparing three bids from Siemens, General Electric, and Mitsubishi Electric to supply production units for its 2.25 gigawatt (GW) Luxor power plant.
Egypt Adds 19 New Gas Stations
The Egyptian international gas technology company (Gastec) announced that 19 natural gas stations have been established in Cairo to maintain and convert vehicles into gas-powered ones.
Prepaid Gas Meters Boom Across Different Governorates
The Ministry of Petroleum announced that they will install and activate 20,000 prepaid gas meters by H2 2019 in trial operations in Bashayer Al Khair 2 project in Alexandria and Al Asmarat neighborhood in Cairo.
Fuel Resumes to Normal Pumping Rate
The fuel pumping rate into market will get back to 20 million liters a day, after it has been increased with almost 10% to reach 25 million liters during Eid al-Adha.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Egypt’s Fuel Exports Surpass $600 MM
The petroleum sector’s fuel exports’ total value exceeded $600 million.
