IMF: Fuel Price Mechanism to Strengthen Egyptian Budget
The International Monetary Fund (IMF) has said that the recently-approved automatic fuel price mechanism will protect Egypt's budget from movements in the global oil markets.
News / Egypt
El Molla Discusses Launching Digital Auction Portal With BHGE
Oil minister Tarek El Molla discussed launching an electronic portal for auction areas offered in Egypt with Baker Hughes GE President for digital solutions, Matthias Heilmann.
EGPC Hires HSBC to Raise $1B Loan
The Egyptian General Petroleum Corporation (EGPC) has hired HSBC to arrange a loan of around $1 billion.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Dana Gas To Drill Two Wells in Egypt
Dana Gas is to drill two new wells in Egypt, the company’s head of investor relations has said.
Oil Ministry Signs Three Exploration Agreements
The Ministry of Petroleum signed three new agreements for oil and natural gas exploration in the northern Sinai Peninsula and the Gulf of Suez on July 11.
Japan Ambassador Discusses Collaboration with Egypt Oil Sector
Petroleum minister Tarek El Molla discussed Toyota's contribution to the Suez refining and petrochemical complex and the Assiut mazut refinery with the Japanese ambassador to Cairo, Takehiro Kagawa.
ENGIE Official: Egypt Can Be A Regional Energy Hub
An official from leading French energy multinational ENGIE has said that Egypt can achieve its goals of becoming a regional energy hub.
DEA Appoints First Egyptian GM for Egypt Office
Sameh Sabry will replace Thomas Radwitz as the general manager of DEA Egypt starting August 1.
ASORC To Build $1.85B Mazut Refining Facility
The Assiut Oil Refining Company (ASORC) is to construct a $1.85 billion facility for conducting thermal cracking on mazut.
