Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, launched the 22nd International Conference and Exhibition on Petroleum, Mineral Resources, and Development (PMRD) on February 26th, under the theme of 'Egypt- Africa Towards Development'.
Egyptian butane imports fell by 23.17% YOY, reaching 181,000 tons in December 2018 compared to 235,600 imported in December 2017.
The Abu Tartur project will use 2 million tons of phosphate ore per year, which will be the main input of production.
Egypt’s consumption of petroleum products dropped by around 11.19% YOY in December 2018 to 2.596 million tons, compared to 2.923 million tons in December 2017.
Midor reached financial closure for the $2.2 billion expansion and upgrade program for its Alexandria refinery
Egypt’s natural gas output increased by 20.99% YOY, reaching 4.178 million tons in December 2018, up from the 3.453 million tons produced in December 2017.
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience
Saudi Arabia's Aramco and SABIC signed agreements with SUMED worth $2 billion to establish petrochemical projects in the Mediterranean region.
The Egyptian parliament approved a loan agreement of around $131.79 million from the AFESD in order to develop the country's national electricity transmission grid.
Eni completed drilling the tenth well at Zohr field, which was gradually linked to the production of the operating processing plants.
