Engineering for the Petroleum & Process Industries (Enppi) has signed contracts worth of EGP 16.4 billion in 2018, of which EGP 8.9 billion were directed for operations in Egypt and EGP 7.5 billion were directed abroad.
DEA announced that the symposium tackled new methods that empower women's achievements and enhance their role in the society so that they are encouraged to take on more opportunities.
The surge in revenues is attributed to the unprecedented volume of contracts that were signed last year, which totaled EGP 40 billion.
Egypt’s consumption of petroleum products decreased by around 8.3% year-on-year (YOY) in January 2019 to 2.649 million tons, compared to 2.896 million tons in January 2018.
The Egyptian government decided decreasing petroleum products subsidies by 42% in the budget plan of fiscal year (FY) 2019/20.
The amendments are related the part of the law dealing the collection of fines resulting from the violation of the law.
The Egyptian company was further awarded a contract to provide and install a natural gas liquefaction line in the Gulf of Aqaba.
Egypt plans to produce 20% of its electricity demand from renewable resources, including solar energy, wind power, and hydropower, by 2022, and increase it to 40% by 2035.
Egypt’s natural gas output increased by 18.998% year-on-year (YOY), reaching 4.278 million tons in January 2019, up from the 3.595 million tons produced in January 2018.
Ganope announced that the companies that have been awarded Red Sea 10 exploration blocks will have the right to sell its production shares locally or export it with the Ministry of Petroleum’s approval.
