EMC to Renew Contract for LNG Factory in Angola
The Egyptian Maintenance Company (EMC) successfully sealed a contract for providing operational support for a liquefied natural gas (LNG) factory in Angola for the fifth consecutive year in 2017.
News / Egypt
PAS Predicts 10-15% Business Growth
Petroleum Air Services is expected to increase its business volume by 10-15% in 2018 as a result of the expansion of exploration and production activities in the Eastern Mediterranean.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Ministers Lay Foundation Stone for Two Projects in Damietta
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, along with the Minister of Transport, Hisham Arafat, laid the foundation stones for two projects in Damietta Port.
Electricity Generation, Consumption Slightly Increase Y.o.Y
Egypt’s electricity generation increased by around 0.67% year-on-year to reach 15 kWh in January 2018, compared to 14.9 kWh in January 2017.
COOP, Kafr El-Sheikh Sign Petrol Stations Agreement
Petroleum Cooperative Society Company (COOP) will invest EGP 50 million in the construction of seven new petrol stations after they concluded an agreement with Kafr El-Sheikh governorate.
Apache to Drill 50 Wells in Egypt in 2018/2019
Apache Corporation will adopt a new exploration plan which includes drilling 50 new wells during fiscal year (FY) 2018/2019, via Qarun and Khalda oil companies.
Egyptian Minister Discusses Investment Opportunities with Snam
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Italian Snam Company’s CEO, Marco Alvera, to discuss the opportunities and areas of cooperation during the coming period.
Egypt’s Diesel Output Falls 8.73% Y.o.Y
Egypt produced 554,000 tons of diesel in January 2018, an 8.73% year-on-year decrease.
Egypt’s Butane Imports Increase 19% Y.o.Y
Egypt’s butane imports increased 19% year-on-year between January 2017 and January 2018.
