SUPSC, Apicorp Sign Methanol Project Contract
Suez Petroleum Services Company (SUPSC) has signed a memorandum with Arab Petroleum Investments Corporation (Apicorp) for funding a methanol derivatives project.
News / Egypt
Egypt, BP Talk Giza, Fayoum Development
Egypt's Minister of Petroleum, Tarek El Molla, has met with BP Upstream CEO Bernard Looney to discuss the status of the development of Giza and Fayoum fields.
Sidpec Obtains Technology License from Grace Company
Egypt's Sidi Kerir Petrochemicals Company (Sidpec) has obtained a license from W.R. Grace & Co. to use its UNIPOL PP Process Technology.
Eni Seeks License to Construct Egyptian Solar Plant
Italy's Eni has requested a license from the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) to establish a 50 MW solar power plant.
Cabinet Rejects Rumors of Fuel Price Increase
The media department of the Egyptian cabinet has rejected rumors about a new fuel price increase in 2018 to decrease the budget deficit.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Schlumberger to Launch OneSurface Production System
Schlumberger will launch its new reservoir-integrated production system OneSurface during a special one-day event on October 22.
Egypt to Establish Oil Pipeline between Ain Sokhna and El Tebbin
Egypt plans to establish a pipeline to transport petroleum products from Ain Sokhna to El Tebbin and then to Mostorod and Upper Egypt.
IRENA: Egypt Could Generate 53% Electricity from Renewables by 2030
Egypt could produce up to 53% of its electricity from renewable resources by 2030, saving the government up to $900 million each year.
El Molla Requests Budget Increase for Fuel Subsidies
Egyptian President Abdel Fattah El Sisi has revealed that petroleum minister Tarek El Molla requested increasing fuel subsidy allocations to $125 billion.
