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
Dana Gas to Spend $50 M in Egypt during 2018
Dana Gas Company has announced that it intends to spend around $50 million in Egypt over the course of 2018.
El-Neel Adds 7 Filling Stations in 2017
El-Neel Oil Marketing Company added seven new filling stations to its distribution network and developed 37 more in 2017.
Tharwa Drills 7 Abu Sennan Wells in 2017
Tharwa Petroleum Company drilled seven development and exploratory wells and successfully made two new oil discoveries at Abu Sennan concession in 2017.
BP to Sell Stakes in GUPCO
BP intends to sell its stakes in the Gulf of Suez Oil Company (GUPCO), banking sources have said.
Egypt, Jordan Inaugurate 4th Phase of Al Samra Plant
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, and the Jordanian Minister of Energy and Mineral Resources, Saleh Kharabsheh, have inaugurated the 4th phase of Al Samra Power Plant.
Petroleum Arrows Transports 3 B Liters of Petroleum Products in 2017
Petroleum Arrows Company transported 3 billion liters of petroleum products during 2017.
Egypt Gas, Enppi to Build Jordan Pipeline
Egypt Gas has signed a contract with Engineering for the Petroleum & Process Industries worth $13 million to build a 27km gas pipeline in northern Jordan.
IMF Delegation to Visit Egypt for Periodic Review
An International Monetary Fund delegation will visit Egypt in May 2018 to conduct the periodic review of the country’s economic reform program.
SDX Energy Announces New Egyptian Oil Discovery
SDX Energy Corporation has announced making a new oil discovery at the Rabul 5 well, located in Egypt’s West Gharib concession.
