CAPMAS: Fuel and Petrochemicals Exports Increase
The total value of Egypt’s fuel exports increased by $260 million year-on-year (YOY) in Q1 2018.
News / Egypt
Midor Signs $1.7B Refinery Deal with Technip
The Middle East Oil Refinery (Midor) has signed a $1.7 billion agreement with Technip that will see the Italian company play a leading role in the expansion of the Midor refinery.
Petrojet Awarded $33M Contract for Dock Revamp
Egyptian petroleum company Petrojet has signed a $33 million agreement for dock revamp work in Damietta governorate.
ANRPC Refinery Project Nears Completion
Alexandria National Refining and Petrochemicals Company (ANRPC) has finished 97% of the refinery project that will double the national production of 92-octane benzene and 95-octane benzene.
Egypt to Receive $1.5B Investment Loan
The African Export-Import Bank (Afreximbank) will provide a $1.5 billion loan to Egypt to fund investments including oil and petrochemical projects.
Egypt Has Fourth Largest Ultra-Deepwater Gas Reserves
Egypt has the world’s fourth largest ultra-deepwater natural gas reserves with 18,852 billion cubic feet (bcf).
Sidpec Propylene, Polypropylene Factories to Start Production in 2022
The new propylene and polypropylene factories owned by Sidi Kerir Petrochemicals Company (Sidpec) will start production by 2022.
Winner of Hamrawein Power Plant Tender To Be Announced June 13
The Ministry of Electricity will announce on June 13 the winning consortium to build the 6,000-megawatt coal-fired power plant in the Red Sea port of Hamrawein.
Petroleum Ministry to Connect 684,000 Households to Gas Grid
Minister of Petroleum Tarek El Molla and the president of Egyptian Natural Gas Holding (EGAS) are considering linking 684 clients across 18 governorates to the national gas grid.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
