Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
News / Egypt
Butane Production Slightly Increases YOY
Egypt produced 626,000 tons for butane in the first four months of 2018, an increase of 31,000 tons year-on-year (YOY).
Petroleum Ministry Considers El Alamein Petrochemical Plant
The Ministry of Petroleum is looking into constructing a petrochemical and refining facility in New El Alamein City.
El Molla: NOCs to Pay All Debts to IOCs by End of 2019
Egypt’s national oil companies (NOCs) will pay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla has said.
Energy Committee Discusses Gas Law Amendment
The parliament's Environment and Energy Committee discussed on July 4 reallocating fines collected by the Natural Gas Regulatory Authority to avoid a conflict of interest.
First Gas Import License To Be Issued in 2018
The Natural Gas Regulatory Authority will issue the first gas importing license to a private sector company by the end of 2018.
Bechtel Signs Consultancy Agreement For Tahrir Petrochemicals Complex
US construction company Bechtel has signed a project management consultancy (PMC) contract with Egypt’s Carbon Holdings for the Tahrir Petrochemical Complex.
Gas Regulatory Authority to Begin Operations
The newly-established Natural Gas Regulatory Authority will soon begin its operations, the Ministry of Petroleum said in a press statement.
Israel-Egypt Gas Deal: Delek Shareholders Agree to Invest in EMG
Shareholders of Israeli energy company Delek Drilling have agreed to invest in the East Mediterranean Gas Company (EMG), the owner of the pipeline linking gas fields in Israel to Egyptian export terminals.
Eni CEO Dismisses Noor Field Rumors
Eni has denied media reports that the company has discovered a new gas field in the eastern Mediterranean.
