SIDPEC Buys Land for $1.2 B Expansion Project
SIDPEC signed a final contract with Alex Fiber to acquire a land lot, which it will use to construct a $1.2 billion expansion project to produce propylene and polypropylene.
News / Egypt
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 Follows Up on Gas Exploration Activities
President Abdel Fattah El Sisi held a meeting on June 23 to follow up on some of the petroleum sector major projects, especially exploration and production in natural gas and oil fields, as well as delivering natural gas to housing units.
Enppi Wins Saudi Contract Worth $500MM
Enppi has won a major international bid for the implementation of a new petrochemical project in Saudi Arabia with more than $500 million.
East Delta Reaps EGP 500 MM for 18 Power Stations
East Delta Electricity Production Company (EDEPCO) has allocated EGP 500 million for the maintenance work of 18 gas power stations during fiscal year (FY) 2019/2020.
Ministry of Petroleum to Implement 11 New Projects
The total investments of these projects will reach $15 billion by H2 of 2022.
MIDOR Production to Reach 8 MM Tons Annually
The production of the Middle East Oil Refinery (MIDOR) plant will exceed 7 million tons annually by the end of the expansion works.
EOG Technical Committee Discusses Brownfield Technical Convention
The Egypt Oil & Gas (EOG) Technical Committee held a meeting on June 19 at Apache Egypt premises to discuss Brownfield Convention's timeline, in addition to ways of enhancing brownfields in Egypt.
NREA Plans 200 MW Red Sea Wind Farm
Investments in the new project are expected to reach around EGP 4 billion.
Plans for $5 B Petrochemicals Complex in Alexandria
The government is considering a project to establish a petrochemicals complex in Alexandria, with around $5 billion in investments, beside a current $1.5-billion factory.
