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.
News / Egypt
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
TAQA Arabia and Castrol Establish New Joint Venture
Qalaa Holdings has announced the establishment of a new joint venture between its subsidiary TAQA Arabia and BP subsidiary Castrol with EGP 20 million capital.
Apache to Drill East Bahariya Wells in 2018
Apache will start drilling new oil wells in the East Bahariya concession in the Western Desert during Q3 2018.
Egypt Allocates EGP 25B to Develop Electricity Grid
Egypt has allocated EGP 25 billion to be spent on developing the national electricity grid over the next two years.
Pharaonic Petroleum Produces 600 mscf/d of Natural Gas
Pharaonic Petroleum's natural gas production has reached 600 million standard cubic feet per day (mscf/d).
CAPMAS: Slight Raise in Annual Electricity Production and Consumption
Egypt’s electricity consumption increased by 3.57% year-on-year (YoY) to reach 11.6 mega kilowatt per hour (mkw/h) in February 2018, compared to 11.2 mkw/h in February 2017.
Electricity Ministry Arrears to EGPC Reach EGP 107.5B
Debts owed by the Egyptian Ministry of Electricity to the Egyptian General Petroleum Corporation (EGPC) have reached EGP 107.667 billion.
Egypt Produced 1.6M Tons of Diesel in Q1 2018
Egypt produced around 1.6 million tons of diesel during Q1 2018.
Egypt’s Diesel Consumption Drops 6.69% YOY
Egypt’s diesel consumption fell 6.69% year-on-year (YOY) in March 2018.
