Egypt’s IPO Activity Surges in 2018
Four IPOs that were valued at $315 million took place in 2018 on EGX, compared to the $179 million from the previous IPOs in 2017.
News / Egypt
Zohr Production to Exceed 3 bcf/d by the End of 2019
The field's current production recorded over 2 bcf/d, which directly contributes to help Egypt reach natural gas self-sufficiency by the end of 2018.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Idku Plant to Operate in Full Capacity in June: El Molla
Egypt plans to increase Idku liquefaction plant's gas exports to reach 1.13 bcf/d in June 2019, compared to the current 800 mmscf/d of gas exports.
Eni to Complete Zohr Onshore Pipeline in April
The plan is to export LNG from some of Zohr's production to the European markets upon obtaining a license from the Ministry of Petroleum.
Egyptian Banks to Finance 70% of Sidpec Propylene Factory
The company's management will take the necessary procedures to negotiate with financing institutions to obtain loans with the best possible terms and conditions to decrease equities' share in the financing.
Pipeline Issues Delay Israeli Gas Flow to Egypt
Companies involved in the $15 billion gas deal revealed the issues in the pipeline will need more work than what was initially planned to start transporting natural gas.
El Molla Meets with Middle East Institute Members
The meeting was attended by head of US oil companies and organized by US Chamber of Commerce, the Egypt-US Business Council and the American Chamber of Commerce in Egypt.
Egypt, US Consolidate Energy Partnerships
Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Victoria Coates, US President's Special Assistant and Acting Senior Director for the Middle East at the National Security Council, to discuss efforts exerted by the Egyptian government to develop the oil and gas sector.
Egypt Converts 270,000 Vehicles into Gas-Powered Ones
The country transformed around 2,600 vehicles per month into the gas-power system, the source noted, adding that pumping natural gas into vehicles is done via 200 gas stations across the country.
