Egypt Expects $10B Petroleum Sector FDI in FY 2018/19
Egypt expects foreign investors to pump $10 billion in foreign direct investment (FDI) into the country's petroleum sector in FY 2018/19.
News / Egypt
Khalda Hits FY 2017/18 Production Targets
Khalda Petroleum Company achieved 110% of its oil production plan and 99% of gas production plan during FY 2017/18.
Dana Gas Delays New Investments in Egypt
Dana Gas will delay making new investments in Egypt's oil and gas sector due to unpaid arrears.
Oil Ministry Signs Three Exploration Agreements Worth $139.2M
Oil minister Tarek El Molla has signed three new exploration contracts to drill 15 wells in the Mediterranean and the Western Desert with an investment budget of $139.2 million and a $55 million signing grant.
ANRPC to Start Pilot Operation of Refining project
Alexandria National Refining and Petrochemicals Company (ANRPC) is starting the pilot operation of its refining project and will start production next month.
Government Chooses Provider of Fuel Hedging Contract
The oil and finance ministries have chosen a firm to sign fuel hedging contracts with the government.
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 to Provide 10% of Jordan’s Gas Consumption
Oil minister Tarek El Molla and his Jordanian counterpart Hala Zawati renewed an agreement that will allow Jordan to receive 10% of its gas needs from Egypt.
Government Calls On Homeowners to Submit Papers for Gas Connection
The government is encouraging citizens to complete the required papers in order to connect their houses to the natural gas grid.
Egyptian-Jordanian Cooperation in Energy Sector Discussed
Oil minister Tarek El Molla discussed mutual cooperation with his Jordanian counterpart Hala Adel Zawati.
