Finance Ministry to Allocate $80/Barrel of Oil in the 2019/20 Budget: Government Official
The Egyptian Ministry of Finance will calculcate the 2019/20 budget using a benchmark oil price of $80 per barrel.
News / Egypt
El Molla Discusses Economic Cooperation with Spanish Ambassador
Egyptian petroleum minister, Tarek El Molla, met the Spanish ambassador to Egypt, Arturo Avello, at the end of his working period in Cairo.
Egypt to Start Operating Sudanese Electricity Link by 2018 End
Egypt is expected to begin operating the 100-MW first phase of the electricity link with Sudan by the end of this year, according to government sources.
Eni Starts Drilling Ninth Zohr Well
Eni has started drilling the ninth well at the Zohr natural gas field.
Apache Invests over $1B in Egypt in 2018
Apache has invested more than $1 billion in the Egyptian oil and gas sector during 2018, David Chi, vice-president and general manager of Apache Egypt, has said.
Egypt’s Gas Reserves Increase by 33.3% since 2015
Egypt’s natural gas reserves increased by 33.3% reaching around 90 trillion cubic feet (Tcf), compared to 60 Tcf in 2015, as the country added new natural gas fields, including Zohr and Atoll, to production.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
UK to Receive Egyptian LNG Cargo
British gas company Dragon LNG will receive a liquefied natural gas (LNG) shipment from Egypt at the end of October.
El Molla, Petronas Discuss Future Investments in Egypt
Egyptian petroleum minister, Tarek El Molla, met with Petronas CEO, Wan Zulkiflee, to review the company's future investments in the Egyptian oil and gas sector.
El Molla Confirms Plans for New Production Sharing Model
Egyptian Minister of Petroleum Tarek El Molla has confirmed that Egypt is working on a new model for production and sharing agreements between the government and international oil companies.
