Egyptian Minister of Petroleum Tarek El Molla has said that the proposed pipeline between Cyprus’s Aphrodite gas field and Egypt’s liquefied natural gas facilities will cost between $800 million and $1 billion.
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
A delegation from the International Monetary Fund (IMF) arrived in Egypt on May 4 to conduct the third review of Egypt's economic reform program.
Egypt plans to develop refineries during the upcoming four years to decrease the import rate of petroleum products to 5%, compared to the current rate of 35%.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, is to launch the National Petrochemical Alliance Conference on May 8.
Eni has made a new oil discovery in Egypt's Faghur basin, located in the Western Desert.
Egypt’s daily national consumption of 95-octane benzene has increased by over 480% to average at 530,000 liters in April 2018, compared to 110,000 liters before June 2017.
Egypt's gross domestic product (GDP) will reach 5.2% during 2018, up from 4.2% in 2017, according to new IMF projections.
Egypt’s daily consumption of 92-octane benzene has reached around 12.6 million liters.
Egypt’s consumption of diesel reached 1.016 million tons in February 2018, a 9.12% year-on-year (Y.o.Y) decrease.
