Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
News / Egypt
Alexandria Petroleum Refined 4.3M tons of Crude in 2017/18: Company Head
Alexandria Petroleum Company refined around 4.3 million tons of crude oil during fiscal year (FY) 2017/18.
Petrogas Secures 4.2M Tons of Butane in 2017/18
Petroleum Gas Company (Petrogas) secured 4.2 million tons of butane during fiscal year (FY) 2017/18.
Egypt Signs $10M Western Desert E&P Agreement
Egypt's oil minister, Tarek El Molla, has signed a $10 million exploration and production (E&P) agreement covering the Western Desert's Abu Sennan concession.
Egypt, Cyprus, Greece Discuss Energy in Tripartite Meeting
The Egyptian foreign minister, Sameh Shoukry, has held talks with his Greek and Cypriot counterparts Nikos Kotzias and Nikos Christodoulidis regarding energy cooperation.
AMOC to Offer 20% Stake on EGX
Egypt's Minister of Finance, Mohamed Maait, has announced that a further 20% of the Alexandria Mineral Oils Company (AMOC) will be offered on the Egyptian Exchange Market (EGX).
Oil Ministry Signs $1B E&P Agreement with Shell
The Egyptian General Petroleum Corporation (EGPC) has signed an exploration and production (E&P) agreement with Royal Dutch Shell and Malaysia’s Petronas worth $1 billion.
BAPETCO Produced 120 boe/d in 2017/18: Company Head
Badr El Din Petroleum Company's (BAPETCO) production increased to 120 barrels of oil equivalent per day (boe/d) during fiscal year (FY) 2017/18.
WDDM 9B Phase Wells to Come Online in October
The first two wells from Phase 9B of Egypt’s WDDM concession are expected to come online in October 2018.
European Company Agrees to Provide $1.5B for EuroAfrica Interconnector Project: Sources
Egypt and Cyprus have reached an agreement with an unnamed European company to provide $1.5 billion to help finance the electricity transmission project between the two countries.
