IMF Begins 2nd Review of Egypt’s Economic Reforms
The International Monetary Fund (IMF) has begun its second periodic review of Egypt’s economic-reform program prior to the release of the next installment of its loan package to the country.
News / Egypt
Italian Amb.: Egypt’s Oil & Gas Production Promising
The Italian Ambassador, Gampolo Cantini, noted the promising nature of Egypt’s oil and gas production during a meeting with the Minister of Petroleum and Mineral Resources, Tarek El Molla.
Natural Gas Output Remains Steady in August
Natural gas production remained constant in August. Egypt produced 3.364 million tons, a slight decline from the 3.37 million tons it produced in July.
Petroleum Consumption Decreases
Egypt’s consumption of petroleum products dropped to 3.094 million tons in August, as 6.3% year-on-year (Y-o-Y) decline from 3.302 million tons in August 2016.
Cabinet Approves Executive Regulations for Investment Law
The Egyptian Cabinet has approved the executive regulations for Law Number 72 of 2017 (72/2017), commonly called the Investment Law.
Households Consume 42.7% of Egypt’s Electricity in August
Households consumed 42.7% of the electricity generated in Egypt during the month of August.
Egypt Launches Spare-Parts Tender for Wind Farms
The Egyptian New and Renewable Energy Authority (NREA) is launched $164 million tenders to secure spare parts and execute maintenance work for wind farms at Zaafarana area.
Shaker: Egypt Needs to Expand Electricity Grid
Egypt needs to expand its electricity grid to accommodate for urban sprawl.
Egypt Recieves Emirates Energy Award
The Egyptian Ministry of Electricity and Renewable Energy received the Emirates Energy Award 2017 from the Dubai Supreme Council of Energy in recognition of the ministry's achievements in the field of energy efficiency.
Egypt Expects to Garner over $40B in Energy Investments
The Zohr, North Alexandria, and Nooros natural gas fields will receive investments worth $27.3 billion in 2018.
