Egypt Receives Third Cargo of Iraqi Crude in 2018
Egypt has received 2 million barrels of Iraqi crude, the third shipment of 2018.
News / Egypt
Fuel Subsidies: 92-Octane Consumption Decreases Following Cuts
Misr Petroleum's sales of 92-octane benzene has decreased since the government made further cuts to fuel subsidies in mid-June.
EGAS Begins Household Gas Connection Project
The oil ministry has started the project that aims to connect more houses to the national gas grid.
Egypt-Cyprus Electricity Project: EuroAfrica Unveils Feasibility Study
The EuroAfrica CEO has presented a feasibility study for connecting the Egyptian and Cypriot electricity grids.
El Molla: Egypt to Start Exporting Gas Early 2019
Egypt may stop importing liquefied natural gas (LNG) by Q4 2018 and start exporting it at the beginning of 2019.
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 Participating in World Gas Conference
Egypt’s Minister of Petroleum Tarek El Molla is participating in the 27th World Gas Conference (WGC 2018).
Egyptian Debt to IOCs Falls to $2B
Debts owed by Egyptian state-owned oil companies to international oil companies (IOCs) fell to $2 billion in Q2 2018, down from $2.3 billion in October 2017.
Egypt Declares Support For OPEC Deal
Egyptian oil minister Tarek El Molla has emphasized support for measures taken by Organization of Petroleum Exporting Countries (OPEC) to stabilize the oil market.
Eni to Invest Additional $3B in Egypt
ENi CEO Claudio Descalzi said that the company is investing a further $3 billion into the sector on top of the $8.4 billion it is already investing.
