Alcazar Completes 200 MW Solar Plants in Aswan
The company will commence a pilot operation of the projects, one by one starting March 2019
News / Egypt
Egyptian Natural Gas Output Reaches 6.8 bcf/d
Egyptian natural gas output has reached 6.8 bcf/d upon adding production from the West Nile Delta project phase 2 as well as other projects.
Misr Petroleum Pumps 2.1 M Liters/Day of 92-Octane Gasoline
Misr Petroleum sells around 15 million liters of diesel and 6 million liters of 80-octane gasoline every day
ERC Seeks $80 M Loan from CIB
CIB is arranging the $80 million loan for ERC to fund the general capital.
ELAB Reveals 72% of Petrochemical Exports Goes to the European Market
The company exports its product to Middle Eastern and North African countries, as well as some countries in Asia and South America.
CBE to Offer Loans for Natural Gas Vehicle Conversion
The Central Bank of Egypt (CBE) will offer 5% interest loans to encourage car owners to transform their vehicles to natural gas-powered or mixed-fueled cars, running with both natural gas and gasoline
ENOC Group, Proserv to Establish ENOC Misr JV
ENOC Group signed a JV agreement with Proserv Egypt in order to establish ENOC Misr, ENOC Group's first on-ground operations in Egypt's lubricants sector.
ACWA Power to Pay $90 M in Natural Gas Pipeline Construction
ACWA Power and the Ministry of Petroleum and Mineral Resources agreed to pay $90 million to deliver natural gas through a pipeline connected to the company's electric power plant in Luxor.
Monday Minutes: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
70% Gas Probabilities Discovered in the Red Sea
The results of geophysical data collection in the Red Sea, conducted by Schlumberger and Ganope, revealed gas discoveries probabilities exceeding 70% as per a seismic survey.
