News / Egypt

Egypt’s Gas Consumption Increases

Gas consumption of electricity generating power plants increased during July 2017 to be 4 bcf/d.

Petrojet, Samsung Sign New Contract

Petrojet signed a memorandum of understanding (MoU) with Samsung to cooperate in executing integrated projects.

Egypt Witnesses Cars Conversion to Natural Gas

Gastec witnessed a 250% increase in the number of cars conversion to natural gas instead of fuel to be 35 cars per day.

Egypt Establishes Asphalt Unit for EGP 138M

The new asphalt unit, which is being established at the Suez Oil Processing Company (SOPC), costs EGP 138 million. The unit aims to increase the company's asphalt production during 2018.

El Molla Discusses Investments with New Ambassadors

Minister of Petroleum met with Egyptian new ambassadors for foreign countries at the headquarter of the Ministry of Foreign Affairs.

Egypt to Boost Crude Oil Production

Ministry of Petroleum plans to boost daily production of crude oil and condensates to 36 million tons.

EPPC to Gather $300M from IPO

Egyptian Propylene & Polypropylene Company (EPPC) aims to collect $300 million from the initial public offering (IPO) in the first quarter of 2018.

EGPC to Launch a New Exploration Tender

The Egyptian General Petroleum Corporation (EGPC) is planning to launch an oil and gas exploration tender before the end of 2017, Minister of Petroleum and Mineral Resources.

Enppi’s IPO Evaluated at $213M

The evaluation of the Engineering for the Petroleum & Process Industries (Enppi)'s initial public offering (IPO) resulted in early estimates ranging between $213 million and $267 million.

IMF Supports Egyptian Reforms, Approves New Tranche

The International Monetary Fund (IMF) supports the economic reform program adopted by Egypt, IMF's Chief for Egypt, Chris Jarvis, stated.

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