Waseem Wahdan Appointed Head of Petrotrade
The Egyptian Minister of Petroleum, Tarek El Molla, issued a new appointment assigning Waseem Abdel Salam Wahdan the role of head of Petrotrade.
News / Egypt
El Molla Reviews Strategies for Turning Egypt into Regional Energy Hub
Minister of Petroleum, Tarek El Molla, chaired the meeting of the governmental committee formed upon a decree by Prime Minister, Mostafa Madbouly, to follow up on the project to turn Egypt into a regional energy hub.
Shell Increases Idku LNG Exports to 520 mmscf/d
Egypt’s liquefied natural gas (LNG) exports via the Idku liquefaction plant have increased by 73.3% since November to reach 520 million standard cubic feet per day (mmscf/d).
Egypt Pays $3.1/mtu for Gas from North Alexandria, WDDM Fields
The Egyptian General Petroleum Corporation (EGPC) pays $3.1 per 1 million thermal unit (mtu), which is the minimum price stated in the agreement with BP, from the North Alexandria and West Delta Deep Marine (WDDM).
Egypt, Aramco to Complete Mazut Storage Units in March: El Molla
The Egyptian Ministry of Petroleum and Saudi Aramco are working to construct several mazut storage warehouses by March 2019.
Zohr Production to Reach 3 bcf/d of Gas in 2019
Egypt’s Zohr natural gas field is expected to produce 3 billion cubic feet per day (bcf/d) in 2019, according to the spokesman for the Ministry of Petroleum.
Eni Pays $1 B over Three Years for Zohr Drilling Rig Rental
Egypt paid a total of $1 billion over three years for renting Saipem 10000 drilling rig, which is working in the Zohr natural gas field.
Egypt Talks $500 M with HSBC
HSBC Egypt agreed to be the financial consultant to secure a $500 million loan to finance the imports of the market's demands of diesel, benzene and mazut, in addition to paying a part of arrears to IOCs.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Egypt Pays $35 M to Dana Gas
Egypt has paid an additional $35 million to Dana Gas as a part of its overdue.
