Qalaa Holding to Increase Stakes in ERC
Qalaa Holding Company has announced plans to boost its indirect ownership of the Egyptian Refining Company (ERC).
News / Egypt
Egypt to Repay $850M to IOCs
Egypt will repay $850 million in arrears to international oil companies (IOCs) operating in Egypt.
Zohr Output Increases to 1.1 bcf/d
The output of Egypt’s Zohr natural gas field has reached 1.1 billion cubic feet per day (bcf/d), Eni has announced.
Eni, Lukoil to Build Natural Gas Processing Plant in Egypt
Italy’s Eni and Russian Lukoil will work with the Egyptian General Petroleum Corporation (EGPC) to build a natural gas processing facility in Egypt’s Western Desert.
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, China Sign $2B Solar MoU
The Egyptian Minister of Military Production, Mohamed Saeed El Assar, attended the signing of a memorandum of understanding (MoU) worth $2 billion, between the National Organization for Military Production (NOMP) and China’s GCL Group.
El Sisi Reviews E&P Plans
President Abdel Fattah El Sisi met with the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, to review exploration and production (E&P) activities and the number of new wells planned for 2018.
Egypt Consumes 3.3M Tons of Natural Gas in April
Egypt consumed 3.3 million tons of natural gas in April 2018, compared to 3.2 million tons in winter.
Prime Minister Discusses Oil Affairs
Egyptian Prime Minister Sherif Ismail met with Minister of Petroleum Tarek El Molla to discuss oil affairs.
Egyptian Petroleum Exports Value Rises by 5.7%
The value of Egyptian petroleum exports increased by 5.7% to reach $407 million during January and February 2018, up from $385 million in the first two months of 2017.
