Edison Dissipates Rumors and Confirms Commitment to Egyptian Projects in 2019
Edison announced its commitment to Egypt and its East Mediterranean concessions as it will pursue and fulfill its exploration campaign in 2019.
News / Egypt
Egypt’s Trade Deficit Falls 10.1% YOY: CAPMAS
Egypt's trade deficit decreased by 10.1% year-on-year (YOY) in September 2018 to reach $3 billion, compared to $3.35 billion in September 2017.
Libya Oil to Invest EGP 500M in Egypt
Libya Oil will invest EGP 500 million into Egypt over the next five years under its new commercial name, OLA Energy,
Dana Gas Receives $20M Arrears from Egypt
Dana Gas has announced receiving arrears equivalent to $20 million in Egyptian pounds from the Egyptian government.
El Molla Announces New Promotions, Transfers
Egyptian Minister of Petroleum Tarek El Molla has unveiled new promotions and transfers in the oil and gas sector.
IOC E&P Investments to Reach $11B during FY 2018/19
International oil companies (IOCs) aim to increase exploration and production (E&P) investments to reach $11 billion by the end of fiscal year (FY) 2018/19, compared to $10 billion in FY 2017/18.
Egypt’s Petroleum Exports Increase by 5% in 2018: CAPMAS
Egypt's petroleum exports increased by around 5% to record $1.848 billion during the first nine months of 2018, compared to $1.761 billion in the same period of 2017.
Egypt Gas Seeks 8% Profit Growth in 2019
Egypt Gas Company is seeking an 8% profit increase to EGP 26.57 million by the end of 2019, up from EGP 24.57 million currently.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Misr Petroleum, Petronas to Establish New JV
Misr Petroleum Company and Petronas are preparing to launch a new joint venture (JV) for producing high quality lubricants and exporting them during Q1 2019.
