El Molla Chairs OAPEC Meeting
The Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the meeting of the Ministerial Council of the Organization of the Arab Petroleum Exporting Countries (OAPEC).
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.
Egypt, Russia to Sign Nuclear Plant Agreement this Week
Egypt and Russia will sign an $30 billion agreement to establish a nuclear power plant at El Dabaa this week.
Egypt Signs $400M Wind Farm Agreement
The Egyptian Ministry of Electricity and Renewable Energy signed a $400 million agreement with a private sector company to establish a wind farm.
EGPC Signs 3 E&P Agreements with a Combined Value of $50M
The Egyptian General Petroleum Corporation (EGPC) signed three oil and gas exploration and production (E&P) agreements worth $50 million.
Trials Begin at Zohr’s Onshore Treatment Plant
Two burners at the onshore natural gas treatment plant at the Zohr natural gas field conducted trial operations.
Diesel Consumption Falls 18% Y.o.Y. in September
Consumption of diesel dropped to 1.082 million tons in September, an 18% year-on-year (Y.o.Y) decrease from the 1.3225 million tons consumed in September 2016.
Noble Energy Considers Investing in Egypt’s Oil & Gas Industry
Noble Energy expressed interest in investing in Egypt’s oil and gas sector and the possibility of linking the natural gas fields off Cyprus to Egypt's natural gas infrastructure.
El Molla Issues New Promotions
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new promotions and transfers.
Egypt’s Gas Flaring Can Cover 5% Electricity Production
Egypt's gas flaring is enough to cover 5% of domestic electricity production, Director and Head of Natural Resources at the European Bank for Reconstruction and Development (EBRD), Eric Rasmussen, stated.
