The Egyptian Ministry of Petroleum and Mineral Resources established a joint committee to revisit oil and gas contracts in order to incentivize international oil companies (IOCs) to operate in Egypt's energy sector.
The Egyptian Ministry of Electricity and Renewable Resources announced that electricity demand has stabilized due to lower temperatures, uninterrupted production, and a continuous supply of fuel.
The vice president of Petronas, Adnan Zainal Abidin, met with Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla to discuss the company’s projects in Egypt and its future plans.