News / Egypt
Parliament Approves New Gas Regulatory Law
The Egyptian Parliament has granted the final approval on the new gas regulatory law, which allows the establishment of the gas regulatory authority.
Diesel Subsidies Reach EGP 150m Following Recent Hike
Diesel subsidies' cost reached around EGP 150m per day following the recent fuel price increase as every 1 litre of diesel is subsidised by EGP3.
SDX Energy to Produce 45mcf/d of Gas
SDX Energy is in talks with the Egyptian Natural Gas Holding Company (EGAS) to start gas production from the recent discovered well in South Disouq Concession by the fourth quarter of 2018.
Oil Sector Covers Gas Needs in Electricity Plants
The Egyptian oil and gas sector succeeded in covering the electricity power plants needs of natural gas and fuel to deal with the unprecedented high temperature in the last three days.
Orascom Signs Contract for New Power Plant in Assiut
Egyptian Orascom Construction Company signed a new contract to establish a 650MW steam turbine power plant worth $1m.
Cabinet Explains Consequences of Fuel Price Increase
The government issued a number of social protection programs worth more than EGP 85b to protect low-income citizens from being negatively affected by the burdens of economic reform.
MPC Listing in EGX to Start in Two Months
The initial public offering (IPO) of Misr Petroleum Company (MPC) will start in two months as the company has already been evaluated. The listing comes in line with the government's plan to list state-owned companies.
ADES Awarded New Drilling Contract in Egypt
ADES Oil and Gas Company won a new three-month contract for drilling offshore Egypt along with Eni's subsidiary, IEOC.
