Oil, Gas Production Reaches 6.8 MM Tons
The total production of oil and natural gas reached 6.8 million tons during April 2019, compared to 6.1 million tons during the same month in 2018.
News / Egypt
Town Gas to Deliver Natural Gas to 35,000 Customers
Town Gas aims to deliver natural gas to approximately 35,000 commercial customers and bakeries by the end of December 2019
Egypt Discusses Cooperation with Siemens
Egyptian Prime Minister Mostafa Madbouly discussed areas of cooperation with Siemens in the fields of transportation, renewable energy and technology.
Electricity from Renewables Increases by 25%
The total electricity generated from renewable resources from wind and solar energy reached 2,780 gigawatts per hour (GW/H) in fiscal year (FY) 2016/2017 compared to 2,225.5 (GW/H) in FY 2015/2016, with an increase of about 24.9%.
EGPC, ESLSCA Ink Agreement for Training Calibers
The Egyptian General Petroleum Corporation (EGPC) signed a cooperation protocol with ESLSCA to train the sector’s leaders, in line with the sector's Modernization Project.
Diesel Consumption Reaches 1.18 MM Tons per Month
The current diesel production rate stands at 500,000 tons per month, covering around 45% of the local consumption.
Silk Road Fund Acquires 49% Stake in ACWA Power RenewCo
The Chinaese Silk Road Fund has become a leading partner and shareholder in ACWA Power Renewable Energy Holding (ACWA Power RenewCo).
Electricity Ministry Invests EGP 4.1 B in Grid Development
The Ministry of Electricity has pumped investments of around EGP 1.4 billion in El-Beheira, Matrouh, and El Menoufia to redevelop the power grid.
Petroleum Arrows Controls 23% of Product Transportation
Petroleum Arrows' market share in petroleum products transportation across Egyptian governorates stands at 23%, with a rate of about 8.5 million liters per day.
Egypt’s Biggest Budget Sees EGP 52.9 B Petroleum Subsidies
Petroleum product subsidies have been decreased by nearly 40% to EGP 52.9 billion in the public budget for fiscal year 2019/2020.
