Dragon Oil to Acquire New Asset in Egypt
The newly acquired asset will add around 70,000 barrels per day (b/d) to the company’s production as it has the potential to produce 100,000 b/d.
News / Egypt
Dana Gas Production Rises by 5% in Q1 2019
Dana Gas announced an increase in production by 5% in Q1 2019, reaching 68,700 barrels of oil equivalent per day.
Carbon Holdings to Establish Naphtha Cracker in Egypt
Carbon Holdings Company wants to build a world-scale naphtha cracker in Egypt’s Suez Canal Economic Zone (SCZone).
Egypt produces 8,000 MW from Renewable Sources
Egypt is committed to producing around 20% of its electricity from renewables by 2022.
ERC Supplies 100,000 Tons of Petroleum Products
The Egyptian Refining Company (ERC) has supplied 100,000 tons of low-sulfur petroleum products from its operational trials.
United Energy Acquires Kuwait Energy
The $650-million transaction was originally signed last September and completed in late March 2019.
Egypt Offers 4 LNG Cargoes for May
The four shipments are offered through two separate tenders that will close on April 9.
Shell Egypt Appoints Khaled Kacem as New Country Chairman
Royal Dutch Shell has appointed Khaled Kacem as the new Chairman and Managing Director in Egypt, replacing Gasser Hanter.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
SDX Expects Delay in South Disouq Project
SDX Energy Corporation announced that the start-up date for South Disouq gas production might be delayed until Q4 2019.
