Third Zohr Gas Processing Unit Begins Operations
The third gas processing unit at Zohr natural gas field began operations on June 14, 10 days ahead of schedule.
News / Egypt
Subsea 7 Awarded Offshore Engineering Contract in West Delta
Burullus Gas Company has awarded Subsea 7 an engineering, procurement, installation and commissioning contract for the West Delta Deep Marine Phase 9B development project.
El Molla Announces Plans to Cover Eid Fuel Demand
Butane refilling factories owned by the Petroleum Gas Company (Petrogas) will be operating at full capacity during the Eid break following the request of petroleum minister Tarek El Molla.
Egyptian Government to Hike Electricity Prices by 26%
Electricity prices will increase by an average of 26% on July 1 as subsidy cuts included in the 2018/19 fiscal budget are introduced.
El Molla Discusses Collaboration with Australian Ambassador
Minister of Petroleum Tarek El Molla discussed Egyptian-Australian collaboration in the mining and hydrocarbon industries with the Australian Ambassador to Egypt Neil Hawkins.
Delek to Decide on Egypt Pipeline Investment in July
Delek Drilling shareholders will meet on July 1 to vote on whether to approve a $200 million investment in a subsea pipeline to Egypt.
Thyssenkrupp to Work on 5 Petrochemical Projects
German industrial company Thyssenkrupp will work on five new petrochemical projects in collaboration with Egyptian companies.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
El Molla Appoints New E.styrenics Boss
Minister of Petroleum Tarek El Molla has appointed chemist Tarek Mohamed Galal as the new head of the Egyptian Styrene & Polystyrene Production Company (E.styrenics).
Inflation Falls to 11.4% in May
Egypt’s annual headline consumer price inflation (CPI) fell 1.7% in May 2018.
