Egypt Ranks 11th Globally in Gas Flaring
Egypt is the 11th country in gas flaring worldwide, Program Manager-Global Gas Flaring Reduction Partnership at the World Bank, Bjorn Hamso, stated, adding that Egypt jumped from the 9th to the 11th place.
News / Egypt
Egypt Spent EGP 23.8 B on Fuel Subsidies in Q1 2017/2018
Egypt has spent total EGP 23.8 billion on subsiding different petroleum products in the first quarter of fiscal year (FY) 2017/2018, saving EGP 4 billion from the allocated EGP 27.7 billion in the FY's budget.
Egypt Production of Electricity Rose by 5.3%
Egypt's production of electricity increased by 5.3% year on year (Y.o.Y) as it reached 19.7 kWh in August 2017, compared to 18.7 kWh in August 2016.
Butane Imports Decline by 33.6%
utane imports declined by 33.6% year on year (Y-o-Y) to reach 153,400 tons in September 2017, compared to 231,800 tons in September 2016.
Atoll Starts Production at 300 MSCF/D
Initial production from Egypt's Atoll natural gas field started at a rate of 300 million standard cubic feet per day (mscf/d).
Egypt to Sign Strategic Partnership with EU
Egyptian Minister of Petroleum, Tarek El Molla, agreed with EU Commissioner, Miguel Arias, to sign a strategic partnership memorandum of understanding (MoU) between Egypt and EU.
Egypt to Establish Nuclear Power Regulator in January
Ministry of Electricity is planning to finish establishing the nuclear power industry regulator, and its working on appointing officials for it in January 2018.
Egypt to Receive IMF Loan Tranche in December
Egypt I believed to receive a new tranche of the $2 billion International Monetary Fund (IMF) loan during the 3rd week of December 2017, Egyptian Minister of Finance.
Egypt Launches New Photovoltaic Power Connection
Egypt has launched its first photovoltaic energy connection project. Dubbed Grid-connected Photovoltaic Power Systems – Egypt PV, the project is executed by the United Nations Development Program (UNDP) and the Industrial Modernization Center (IMC).
Merlon to Invest $66 M in E&P in Egypt
Merlon has allocated $66 million investments in fiscal year (FY) 2-18/2019 budget for exploration and production E&P operations in Egypt.
