Nasr Petroleum Sells EGP 1.8B Petroleum Products in FY 2017/18
Nasr Petroleum sold EGP 1.8 billion worth of petroleum products during fiscal year (FY) 2017/18 - a 21% increase in value from the previous fiscal year.
News / Egypt
Two Egyptian Pipelines to Start Operations in 2019
The Petroleum Pipelines Company (PPC) is close to finishing the double-line Ras Bakr-Assuit pipeline.
EGAS Renews Initial Approvals for Gas Import Licenses
The Egyptian Natural Gas Holding Company (EGAS) has renewed the initial approvals for applications made by BB Energy Trading Company, TAQA Arabia, and Energy Fleet to obtain gas import licenses.
HSBC to Manage AMOC’s Share Sales
Alexandria Mineral Oils Company (AMOC) has chosen British bank HSBC to manage its share sales on the Egyptian Exchange later this year.
Electricity Output Jumps by 7.3% YOY in May
Egyptian electricity production jumped by 7.3% year-on-year (YOY) in May 2018, generating 17.7 megawatts per hour (MWh) compared to 16.5 MWh in May 2017.
Shell Exports 250 mmscf/d Natural Gas via Idku Plant
Shell has increased the amount of natural gas exported from its Idku liquefaction plant to 250 million standard cubic feet per day (mmscf/d), up from 150 mmscf/d in the previous fiscal year.
Butane Imports Decrease by 16.4% YOY in June 2018
Egypt's butane imports decreased by around 16.4% year-on-year (YOY) as the country imported 139,800 tons in June 2018, compared to 167,600 tons in June 2017.
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’s Natural Gas Output Reaches 6.6 bcf/d
Egypt has boosted its natural gas output to record 6.6 billion cubic feet per day (bcf/d) upon the news that Eni had succeeded in boosting Zohr's production to 2 bcf/d.
AMOC Posts EGP 1.48B Profit in 2017/18
Alexandria Mineral Oils Company (AMOC) posted profits of EGP 1.48 billion in fiscal year (FY) 2017/18, a 35% increase from the EGP 1.1 billion profit posted in FY 2016/17.
