Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla and EU Commissioner for Energy and Climate Action Miguel Arias Cañete visited the onshore gas processing facilities at Zohr natural gas field.
The European Union will provide a $83.2 million fund to the Egyptian government to be used for connecting households to the national gas grid.
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
The number of households connected to the national gas grid reached around 8.6 million in April 2018.
Egyptian Minister of Petroleum Tarek El Molla has met with Canadian Ambassador to Egypt Jess Dutton to discuss increasing cooperation in the fields of oil, natural gas, petrochemicals and mineral resources.
Egypt will attract around $10 billion in foreign investments in the oil and gas sector during fiscal year 2018/19.
The Egyptian Cabinet has approved a decree allowing Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla to contract with the Egyptian General Petroleum Corporation, the Italian Egyptian Oil Company, and BP to explore and develop oil fields in the Nile Delta.
Engineering for the Petroleum and Process Industries (Enppi) is set to sell around 15% of its shares in an initial public offering on the Egyptian Exchange Market (EGX).
European Union (EU) Commissioner for Energy and Climate Action Miguel Arias Cañete will arrive in Cairo on April 22nd for a three-day visit, during which several meetings will be held to review ways to increase cooperation between Egypt and the EU.
Yorktown Partners has announced that it will sell Merlon International, an oil and gas company focused on exploration and production in Egypt's Western Desert region.
