GE Wins Contract for Dabaa Nuclear Plant
GE Power Company announced winning a contract to deliver turbine island equipment for Egypt's El Dabaa nuclear power plant.
News / Egypt
WorleyParsons to Provide Project Management Consultancy for Assiut Hydrocracking Complex
WorleyParsons won a four-year contract from Assiut Oil Refining Co. (ASORC) to provide project management consultancy for the Assiut Hydrocracking Complex, which is located in Upper Egypt.
Egypt to Receive First Israeli Gas in March 2019
Egypt will start receiving imported natural gas from Israel  as early as March upon ensuring an undersea pipeline, which is connecting the two countries, is in good condition.
Energean Oil & Gas Appoints Iman Hill COO
Energean Oil & Gas announced appointing Iman Hill as new Chief Operating Officer (COO) effective November 1st, 2018.
Petroleum Exports Profit Increases by 33.14% YOY
Egypt's petroleum exports profit increased by around 33.14% year-on-year (YOY) as the country exported petroleum worth $8.773 billion in fiscal year (FY) 2017/18, compared to $6.5895 billion during 2016/17.
HSBC-led Consortium Issues $1B Loan for Petroleum Export Limited
HSBC-led consortium of international and Gulf banks will provide a $1 billion loan for Petroleum Export Limited, which is a subsidiary of the Egyptian General Petroleum Corporation (EGPC).
Mostorod Refinery to Decrease Egypt’s Diesel Imports by 50%
Egypt will start trial operations at the Mostorod refinery complex in December 2018 and prepare for the actual operations to start in Q1 2019 which will contribute to decreasing diesel imports by 50% as the refinery will produce 2.3 million tons per year.
Enppi Signs Deal to Manage IPO
Engineering for the Petroleum & Process Industries (Enppi) has signed a contract with three banks to manage the company's initial public offering (IPO) on the Egyptian Exchange Market (EGX).
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 Adds 40 Tcf of Natural Gas to Reserves from 2016-18
Egypt has successfully added 40 trillion cubic feet (Tcf) of natural gas to reserves from four major projects during the period from 2016 to 2018, Lamia Abou Shahba, Department Manager of Gas Regulatory Affairs at the Egyptian Natural Gas Holding Company (EGAS), has said.
