Petroleum Products Consumption Falls by 11.6% YOY
Egypt’s consumption of petroleum products dropped by around 11.6% YOY in November 2018 to 2.542 million tons, compared to 2.877 million tons in November 2017.
News / Egypt
Monday Minutes: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
IMF Executive Board to Discuss Egypt’s Fourth Economic Review
Christine Lagarde, IMF Managing Director, recommends IMF board to approve the fourth review of Egypt's IMF loan facility.
EGAS to Drill 13 Wells with $510 M Investments
EGAS plans to drill 13 wells in Nile Delta and the Mediterranean Sea during FY 2019/20, with total investments exceeding $510 million.
Condensates Production Increases by 3.6% YOY
Egypt's production of condensates grew by 3.6% YOY, recording 30.7 million barrels in FY 2017/18, compared to 29.63 million barrels in 2016/17.
Egypt Natural Gas Production to Reach 8 bcf/d in FY 2019/20
Egypt's natural gas production is expected to reach 8 bcf/d during FY 2019/20 due to completing and operating natural gas development projects.
Carbon Holdings Sign MoU with Logistics Company Agility
Agility Global Integrated Logistics has inked a memorandum of understanding (MoU) with Carbon Holdings to manage its logistics.
ANOPC to Establish Diesel Production Complex Project
Assiut National Oil Processing Company (ANOPC) is establishing diesel production complex project, hydrogen cracking of mazut, at an investment cost of $1.9 billion.
Dana Gas to Invest $5 B in Egypt
Dana Gas's investments in Egypt reached around $2 billion since 2007, and the company ranks the fifth position in natural gas discoveries.
El Molla Follows up with $2.4 B Suez Complex
The complex’s capacity is of around 3 million tons of diesel and more than a million tons of benzene of high quality that matches international standards.
