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
Egypt, France Sign Energy Agreement
Egypt and France signed four deals worth around $73.84 million in the fields of energy, healthcare, SMEs, and transportation.
Egypt Connects 8.5 M Households to National Gas Grid
El Molla examines the ministry’s strategy to connect total of 1.35 million households to the national natural gas grid in 2018 in replacement of butane.
Egypt Gas Profit Increases by 6% in 2017
Egypt Gas Company announced increasing profit by 6% Year-on-Year (Y.o.Y) to reach EGP 25.6 million in 2017, compared to EGP 24.14 million in 2016.
El Molla Discusses New Projects with World Bank
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, joined Riccardo Puliti, Senior Director of Energy & Extractives at the Wold Bank (WB), and accompanying delegation to discuss oil and gas projects funded by the WB.
Midor Refines 40.5 M Barrels of Crude Oil in 2017
Middle East Oil Refinery (Midor) refined 40.5 million barrels of crude oil in 2017 and contributed in providing over 3 million tons of different petroleum products to the local market worth around $1.4 billion.
El Molla Witnesses Signing of Natural Gas Initiative
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, along with Egyptian Minister of Trade and Industry, Tarek Kabil, witnessed the signing of the first phase of the “Towards Natural Gas” initiative.
El Sisi Reviews Eni’s Operations
Egyptian President, Abdel Fattah El Sisi, met with Italian Eni's CEO, Claudio Descalzi, to review the company's activities' in Egypt, especially in Zohr natural gas field.
El Molla Evaluates Progress on West Nile Delta Fields
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the 9th meeting of the higher joint committee for Nile Delta Natural Gas projects which followed up on the second phase of development.
Egypt to Launch LNG Tender in Q2 2018
Egypt is preparing to launch a tender for purchasing cargoes of liquefied natural gas in the second quarter of 2018, to be received during the third quarter of 2018.
