During the past few years, the ministry launched two mega projects to collect geological and physical data from the territorial waters of the Egyptian Red Sea and Upper Egypt with investments exceeding $750 million, adding these two areas to the Egyptian exploration map.
The Ministry of Electricity said that the electricity rates must increase in fiscal year (FY) 2019/20.
The Ministry of Petroleum aims at developing 11 natural gas projects in different concession areas, with investments totaling $18 billion.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Town Gas Company plans to pump natural gas to 650,000 houses between 2019 and 2020.
General Electric plans to increase cooperation with the Egyptian electricity sector, especially in renewable energy projects and wind farms, as well as developing transportation and distribution grids.
EgyptERA prepared the new electricity pricing schemes that will be applied in fiscal year (FY) 2019/20 and will submit them to the cabinet by the end of May for approval.
Minister of Petroleum, Tarek El Molla, chaired the meeting of the governmental committee formed upon the instruction of the Prime Minister to follow up on the national project to transfer Egypt into a regional energy hub.
Officials at Shell reviewed the performance systems in Schneider Electric, which includes ways to continuously enhance performance to boost growth and operational excellence.
Petroleum Arrows Company acquires around 24% of the total distribution of petroleum products such as gasoline, diesel and mazut across the country.
