El Molla Highlights Necessity of Continuous Coordination in Zohr
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, highlighted the necessity of continuous coordination between companies in operating Zohr gas field.
News / Egypt
El Molla Issues New Promotions
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new transfers and promotions.
BTE2 Well Adds 25 mscf/d to Natural Gas Production
Egypt’s BTE2 Well, which is operated by Royal Dutch Shell’s Joint Venture in Egypt, Badr El Din Petroleum Company (BAPETCO), has started production phase on January 7th.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Egyptian Oil Firms Seeking to Double EGP 10 B Loan
Egypt’s Co-Operation Petroleum Company (COOP) and Misr Petroleum Company sent a letter to an Egyptian banking consortium asking to double an EGP 10 billion loan, which was granted late 2014.
Egypt’s Consumption of Gasoline and Diesel Declines
Egypt’s consumption of gasoline and diesel fell 4.2% and 7.1% respectively in the first quarter of fiscal year 2017/2018.
Egypt Pays $30B to Foreign Bodies in 2017
Egypt paid $30 billion to foreign bodies in 2017, and is committed to pay over $12 billion in debts and commitments in 2018.
Siemens to Add 262 MW to Ras Ghareb’s Wind Farm
Siemens Gamesa Renewable Energy announced a 262 MW order for Ras Ghareb wind farm, located in Egypt’s Gulf of Suez.
El Molla Issues New Promotions
The Egyptian Minister of Petroleum and Mineral Resources, Tare El Molla, issued new promotions and transfers.
Qalaa Holdings Announces 38% Revenue Growth in Q3 2017
Qalaa Holding announced 38% year-over-year (Y.o.Y) growth in revenue during the third quarter of 2017, reaching EGP 2.47 billion, and a 182% Y.o.Y increase in earnings before interest, taxes, depreciation, and amortization (EBEDITA) to reach EGP 253.6 million.
