Egypt, Ukraine Discuss Boosting E&P Investments
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed bilateral cooperation with Ukrainian diplomats in Cairo.
News / Egypt
El Molla: EGYPS, an Opportunity for Ideas, Expertise Exchange
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, pointed out the importance of the Egypt Petroleum Show (EGYPS 2018) as an opportunity to exchange ideas and operational expertise and to get introduced to recent technologies in the oil and gas global industry.
Sidpec Starts Operations at New Unit
Sidi Kerir Petrochemicals Company (Sidpec) has started operations at a new unit aimed to remove bottlenecks from the Ethylene factory to operate at full capacity, with $27 million investment costs.
Fuel subsidies Jump by 34% in H1 of 2017/18
The cost of Egyptian fuel subsidy has increased by 34% during the first half of fiscal year (FY) 2017/2018, reaching EGP 51 billion, from EGP 38 billion.
Cabinet Approves E&P Agreements in Suez Gulf
Egyptian Cabinet has approved a draft law to license the Minister of Petroleum and Mineral Resources to contract with EGPC and BP Exploration (Delta) Ltd. for exploration and production (E&P) activities in the north-east of Ramadan in Suez Gulf.
Qarun to Drill 22 Wells in 2018/2019
Qarun Petroleum Company plans to drill 22 wells to expand its activities during fiscal year (FY) 2018/2019, for production to reach 11.9 million barrels during the fiscal year.
Kuwait Energy Seeks Success in Egyptian Concessions
Kuwait Energy Company is looking forward to expanding its success in the company’s concessions in Egypt, and participating in international oil and gas international tenders launched by the Egyptian oil and gas sector.
Xodus Appoints First General Manager for Egypt Office
Xodus Group appointed Salah Farid Tantawy as its first general manager in Egypt as it plans to boost its track record in the North African country and aims for new contracts.
Egypt to Connect 1.35 M Households to National Gas Grid
The Egyptian cabinet announced allocating EGP 4.5 billion to connect 1.35 million residential units to the national gas grid by the end of 2018.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators on one page, for your convenience.
