Maridive Profit Increases by 24.4% in 9 Months
Maridive Group's total financial statements revealed that the company's profit increased by 24.4% during the first nine months of 2018, compared to the previous year.
News / Egypt
El Molla Heads Egyptian Delegation to OAPEC Meeting
Minister of Petroleum and Mineral Resources, Tarek El Molla, headed an Egyptian delegation attending OAPEC's 101st meeting of the Council of Ministers.
Egypt Pays $450 M for Fuel Monthly Imports
Benzene, diesel and butane are the most imported petroleum products.
Egypt Signs 12 Agreements with IOCs in 2018: El Molla
Egypt signed over 12 E&P agreements with IOCs during 2018, Minister of Petroleum Tarek El Molla said,
Electricity Debts to Petroleum Sector Reach EGP 150 B
Electricity ministry's debts to the Egyptian General Petroleum Corporation (EGPC) reached EGP 150 billion at the end of November 2018.
Saipem to Conduct $1.2 B Worth EPCI Project in Zohr
Saipem is in talks with Belayim Petroleum Company (Petrobel) over a $1.2 billion worth offshore contract addendum for an Engineering, Procurement, Construction and Installation (EPCI) project for Zohr field's ramp up to plateau phase.
EGAS to Increase Gas Output by 1.5 bcf/d in 2019
The Egyptian Natural Gas Holding Company (EGAS) plans to add 1.5 billion cubic feet per day (bcf/d) to national gas grid in 2019, through executing development projects in Zohr, North Alexandria, and Burullus 9B phase.
Egypt Produces 45,000 MW/d Electricity in December
Egypt produced around 45,000 megawatt of electricity per day (MW/d) during December 2018.
9.3M Households Linked to Gas Grid: El Molla
Egypt has been working on linking households to natural gas grid in 2018 at an unprecedented rate, boosting the total households linked to the grid to 9.3 million residential units.
Siemens Completes Two Electricity Substations in Egypt
Siemens has completed two substations in Egypt with an aim to improve the national electricity grid’s resilience.
