Petroleum Products Exports’ Value Jumps by 231% in April
The value of petroleum products exports hiked by 231.1% and crude oil by 35%, increasing the value of the total exports by 0.5% to reach $2.58 billion in April 2019.
News / Egypt
El-Sisi Discusses New Electricity Plans
A Presidency meeting was set to tackle the electricity system development and the service improvement and the latest national grid’s development updates.
Egypt Discusses New Petrochemical Complex Deal with Bechtel
Minister of Petroleum, Tarek El Molla, discussed with Bechtel the development of a new petrochemical complex in the Suez Canal Economic Zone.
Oil Production to Reach 720,000 b/d by 2020
The Petroleum sector seeks to raise its daily crude oil production to reach 720,000 barrels per day (b/d) by the end of fiscal year (FY) 2019/2020.
Wintershall Dea Intensifies E&P Activities in Egypt
The Minister of Petroleum, Tarek El Molla, discussed future cooperation with Wintershall Dea to intensify the exploration and production (E&P) activities in the Egyptian sedimentary basins.
Prepaid Electricity Meters to Reach 10 MM by Mid-2020
The Electricity sector is planning to increase the number of the active Prepayment Electric Meters to reach 10 million meters by mid-2020.
El Molla Discusses Mineral Wealth Law Amendments
Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed new modifications of the mineral wealth law with the House of Representatives.
Electricity Sector to Transform 4.3 KM of Overhead Power Lines
The Egyptian Electricity sector is planning to finalize several projects to transform 4.3 kilometers (KM) of overhead power lines into underground cables, according to a source in the Ministry of Electricity and Renewable Energy.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
El Sisi Approves Egypt-Cyprus Gas Pipeline
Presidential decree number 537 for the year 2019 was issued on July 4 approving the governmental agreement between Egypt and Cyprus to establish direct natural gas subsea pipeline.
