Qalaa Holdings’ Revenues to Exceed EGP 90 B in 2020
The company will gain between EGP 50-55 billion from the Egyptian Refining Company (ERC), which is set to start operating in Q3 2019.
News / Egypt
Egypt Increases Pumped Fuel by 7% during Ramadan
Butane will be increased the most as the county is adding 100,000 butane cylinders per day to the amounts pumped into the market, boosting the total to 1.25 million cylinders per day.
Egypt Sets Oil Price at $68 in 2020 Budget
The budget for fiscal year (FY) 2019/20 estimates oil prices at $68 per barrel, down from $70 of in FY 2018/19.
Phosphate Ore to be Explored in Abu Tartur
Minister of Petroleum and Mineral Resources Tarek El Molla has signed an agreement with the Egyptian Mineral Resources Authority (EMRA) and Phosphate Misr Company to ensure the exploration of phosphate ore.
Egyptian Oil, Gas Companies to Participate in Lebanese Bid Rounds
Egyptian oil and gas companies that work in infrastructure are ready to participate in bid rounds in the oil and gas sector in Lebanon.
Schneider Electric in Talks for Work in Dabaa Nuclear Project
Schneider Electric Russia has begun negotiations with Rosatom to participate in Dabaa nuclear plant in the upcoming period.
Egypt to Support Lebanon Overcome Energy Challenges
Egypt is ready to support Lebanon to overcome its challenges in many sectors, including the energy sector, according to Prime Minister Mostafa Mabdoly.
Wintershall DEA: New Leading Oil, Gas European Champion
Wintershall Holding GmbH (Wintershall) and DEA Deutsche Erdoel AG (DEA) have completed their merger. Wintershall DEA is now the leading independent gas and oil company in Europe.
Petroleum Arrows to Recycle 55,000 tons of Used Oil
Petroleum Arrows company plans to expand its oil recycling activities as the company plans to collect around 55,000 tons of used oil at the beginning of 2020.
Electricity Output Increases by 13.53%
Egypt’s electricity production increased by 13.53%, recording 15.1 MWh in January 2019, compared to 13.3 MWh in January 2018.
