Diesel Production, Consumption Down from 2016
Consumption of diesel fell 9.07% to 1.203 million tons in October from 1.323 million tons in October 2016.
News / Egypt
El Molla Calls for Emphasis on Production
Egypt’s oil and gas sector needs to focus on production, not services, the Minister of Petroleum and Mineral Resources, Tarek El Molla, said.
Output of Petroleum Products Falls by 6.44% Y.o.Y.
Egypt's output of petroleum products fell 1.26% to 2.818 million tons in October from 2.854 million tons in October 2016.
EFG Hermes Considering Renewable Energy
The investment bank, EFG Hermes, is considering management investments in renewable-energy projects in Egypt.
COOP Signs Protocol to Establish Stations in Qena
Petroleum Cooperative Society Company (COOP) signed a protocol with the Qena Governorate Local Services and Development Fund to establish automobile-maintenance stations and a filling station.
Oil Receives 1% of Investments
Oil investments equaled 1% of the money invested in Egypt during the third quarter of fiscal year (FY) 2016/2017.
Shell Participates in the BEBA Delegation
Shell Egypt was among the firms in the delegation of the British Egyptian Business Association (BEBA) to the UK.
Trade Deficit Drops in Q1
Egypt's trade deficit fell 5% in the first quarter of fiscal year (FY) 2017/2018 to approximately $8.9 billion.
Egypt to Receive $2B from the IMF in Mid-2018
Egypt will receive a $2 billion installment of its $12 billion loan from the International Monetary Fund (IMF) in June or July.
Polybutadiene Factory Proposed
The Egyptian Ethylene and Derivatives Company (ETHYDCO) plans to build a $100-million polybutadiene rubbers factors.
