Misr Petroleum Starts Experimental Operations at $33M Warehouse
Experimental operations have commenced at Misr Petroleum's new petroleum storage, handling, and shipping warehouse at Badr City.
News / Egypt
IMF Board to Discuss Egypt on December 20th
The Board of Directors of the International Monetary Fund (IMF) will meet on December 20th to discuss the IMF’s second review of Egypt’s economic reform.
Dabaa Nuclear Deal Signed
Rosatom Director General Alexey Likhachev and Egyptian Minister of Electricity Mohamed Shaker signed on December 11th the pre-contract notices for the contracts to establish the El Dabaa nuclear power plant.
GE, EETC to Increase Capacity at Transformer Station
General Electric (GE) signed a contract with the Egyptian Electricity Transmission Company (EETC) to increase the capacity of the Gabal El Zeit transformer station.
84% of Q1 FDI Flows to Energy Sector
Egypt's energy sector received approximately 84% of the country's foreign direct investment (FDI) during the first quarter of 2017/2018
Electricity Loads Remain Stable
Electricity production is remaining stable under 25,000 megawatts (MW).
El Molla Chairs OAPEC Meeting
The Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the meeting of the Ministerial Council of the Organization of the Arab Petroleum Exporting Countries (OAPEC).
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Egypt, Russia to Sign Nuclear Plant Agreement this Week
Egypt and Russia will sign an $30 billion agreement to establish a nuclear power plant at El Dabaa this week.
Egypt Signs $400M Wind Farm Agreement
The Egyptian Ministry of Electricity and Renewable Energy signed a $400 million agreement with a private sector company to establish a wind farm.
