Egypt’s Ministry of Finance has announced a list of 20 products and services related to oil and gas exploration and production (E&P) and export activities to be subject to the value added tariff (VAT) as they will be shifted from sales tax to VAT.
Egypt is expecting the initial public offering (IPO) of the Engineering for the Petroleum and Process Industries (Enppi) to take place during the first half of 2018.
Nasr Petroleum Company (NPC) plans to refine 3.8 million tons of crude oil and condensates during fiscal year (FY) 2018/2019, NPC’ Head, Nabil Fahmy.
Egypt is currently establishing a new 2000 kilometer long electricity transmission grid, with an EGP 18 billion cost, said Minister of Electricity and Renewable Energy, Mohamed Shaker.
Suez Oil Processing Company (SOPC) announced plans to refine two million tons of crude oil during new fiscal year (FY) 2018/2019 in addition to execute new production, innovation and renewal units’ projects for equipment, as well as Health, Safety and Environment (HSE) projects.
Egypt’s General Directorate of Supply and Trade Police has managed to abort 156 attempts to illegally traffic 8.283119 million liters of gasoline and diesel, as well as 56,000 butane cylinders into the black market.
The new budgets of public sector’s oil companies, for fiscal year (FY) 2018/2019, aim at boosting the performance of Egyptian refineries and strengthening their role in securing citizens’ fuel demands, Egyptian Minister of Petroleum and Mineral Resources, highlighted Tarek El Molla.
Egypt 2018 presidential elections would begin abroad on March 26th, The National Electoral Commission (NEC) announced on January 8th during a press conference.
Egypt’s government approved signing three vital international agreements, including around $647.83 million deal with the European Union (EU).
The Egyptian Ministry of Finance plans to issue letters of guarantee for 30 solar energy firms under the terms of phase II of the Feed-in-Tariff (FiT) program.
