El Molla: Egypt to Start Exporting Gas Early 2019
Egypt may stop importing liquefied natural gas (LNG) by Q4 2018 and start exporting it at the beginning of 2019.
News / Egypt
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Egypt Participating in World Gas Conference
Egypt’s Minister of Petroleum Tarek El Molla is participating in the 27th World Gas Conference (WGC 2018).
Egyptian Debt to IOCs Falls to $2B
Debts owed by Egyptian state-owned oil companies to international oil companies (IOCs) fell to $2 billion in Q2 2018, down from $2.3 billion in October 2017.
Egypt Declares Support For OPEC Deal
Egyptian oil minister Tarek El Molla has emphasized support for measures taken by Organization of Petroleum Exporting Countries (OPEC) to stabilize the oil market.
Eni to Invest Additional $3B in Egypt
ENi CEO Claudio Descalzi said that the company is investing a further $3 billion into the sector on top of the $8.4 billion it is already investing.
El Sisi Meets Eni CEO
President Abdel Fattah El Sisi met Eni CEO Claudio Descalzi today to follow up on the Italian company’s projects in Egypt.
SDX Makes Gas Discovery in Egypt’s South Disouq Concession
SDX Energy has reported a new gas discovery made at its SD-4X well in the South Disouq concession in Egypt.
El Molla: “This Is Not The Last Fuel Price Hike”
Fuel prices will witness another increase in 2019, Egyptian oil minister Tarek El Molla announced on June 20, only four days after the latest fuel price hike.
Suez Oil Processing Company to Receive $200M Loan
Egypt signed a $200 million loan from the European Bank for Reconstruction and Development (EBRD) to state-owned Suez Oil Processing Company (SOPC) on June 21.
