Condensates Production Increases by 3.6% YOY
Egypt's production of condensates grew by 3.6% YOY, recording 30.7 million barrels in FY 2017/18, compared to 29.63 million barrels in 2016/17.
News / Egypt
Egypt Natural Gas Production to Reach 8 bcf/d in FY 2019/20
Egypt's natural gas production is expected to reach 8 bcf/d during FY 2019/20 due to completing and operating natural gas development projects.
Carbon Holdings Sign MoU with Logistics Company Agility
Agility Global Integrated Logistics has inked a memorandum of understanding (MoU) with Carbon Holdings to manage its logistics.
ANOPC to Establish Diesel Production Complex Project
Assiut National Oil Processing Company (ANOPC) is establishing diesel production complex project, hydrogen cracking of mazut, at an investment cost of $1.9 billion.
Dana Gas to Invest $5 B in Egypt
Dana Gas's investments in Egypt reached around $2 billion since 2007, and the company ranks the fifth position in natural gas discoveries.
El Molla Follows up with $2.4 B Suez Complex
The complex’s capacity is of around 3 million tons of diesel and more than a million tons of benzene of high quality that matches international standards.
Fuel Subsidies Cost $2.42 B in FY 2018/19: El Molla
Egypt’s fuel subsidies costed around $2.42 billion in H1 FY 2018/19, down by 14.7% compared to the same period in FY 2017/18.
Midor to Increase Refining Capacity to 4.5 M Tons/Year
The Middle East Oil Refinery (Midor) plans to increase its refining capacity, reaching 4.5 million tons annually after completing the development and rehabilitation processes.
IOCs Investments to Reach $10 B in FY 2019/20: El Molla
International Oil Companies (IOCs) plans to pump investments of around $10 billion on exploration and production (E&P) activities during the next fiscal year (FY) 2019/20.
Egypt to Develop Six Refineries in Four Years
Egypt plans to develop six refineries at a cost of $9 billion over the upcoming four years.
