Egypt Oil & Gas Publication and Egypt Oil & Gas Technical Committee are proud to announce the Upstream Technical Convention, an event held under the High Patronage of H.E. Eng. Tarek El Molla, Egypt’s Minister of Petroleum and Mineral Resources.
Egypt’s electricity exports reached 747 GWH during FY 2015/2016, while electricity imports recorded 54 GWH in the same FY, declining by 69.8% from the 179 GWH imports in 2002/2003.
Egypt is implementing a national plan to add 20,100 MW by 2020, boosting Egypt’s total electricity capacity to 58,100 MW.
Total Egypt and Emak For Contracting Company have agreed to extend the strategic partnership from 2021 to 2038 in order to execute a number of new investment projects in Marsa Alam, Egypt.
Egyptian Cabinet has approved the $200 million loan agreement with the European Bank for Reconstruction and Development (EBRD), which is set to finance the modernization of a number of selected gas infrastructure facilities aimed to boost Egypt’s energy efficiency and to decrease environmental impacts.
The General Petroleum Company (GPC) plans to drill 5 exploratory wells and 13 development wells, as well as maintain and complete 27 wells during FY 2018/2019.
Egyptian output of petroleum products has increased by 6.3% in 13 fiscal years (FYs) to reach 28.9 million metric tons (MT) in FY 2015/2016, compared to 27.1 million MT in FY 2002/2003.
Egypt has recorded the third place among Arab natural gas consuming countries, as it consumes 11.8% of the Arab natural gas total consumption.
Diesel consumption in the Egyptian market reached around 305,000 tons per week across all sectors, Abed Ezz El Regal, Head of the Egyptian General Petroleum Corporation (EGPC), said.
Fitch Ratings reviewed the Outlook on Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) and changed it to Positive from Stable, as it affirmed Egypt’s IDR at 'B'.
