News / Egypt
Egypt Receives $1b from WB
The World Bank (WB) announced that it released $1b to Egypt as the second tranche of its $3b loan agreement signed with the Arab country in December 2015.
AMOC Chooses BNY Mellon to Run GDR Program
Alexandria Mineral Oils Company (AMOC) chose the BNY Mellon bank to run its global depositary receipt (GDR) program. It will also hire Baker and McKenzie as the legal consultant.
El Molla Chairs MIDOR General Assembly
At the general assembly of Middle East Oil Refinery (MIDOR), El Molla assured that the Ministry's plan to develop refineries is an important part of Egypt's efforts to flourish the economy, covering the local market's fuel demands.
Egypt, Russia to Finalize Nuclear Contract in 2 Months
The Egyptian government plans to finalize the two contracts with Russia regarding Al Dabaa nuclear power plant within two months.
Paper Manufacturing Division Seeks More Gas
The Paper Manufacturing Division at the Egyptian Chamber of Chemical Industries asked the Ministry of Petroleum and the Ministry of Industry to double the amount of gas pumped for paper factories without increasing prices.
Tarek-El Molla: Egypt Received Two Cargos of Diesel from Aramco
Tarek El Molla said that Egypt had received two cargoes of diesel fuel from Saudi Aramco.
Egypt Seeks EGP 6b from Stake Selling
Egyptian Minister of Finance, Amr El Garhy, stated that the North African Country plans to receive EGP 6b out of selling state-owned firms' stakes in the Egyptian Stock Exchange (EGX) during fiscal year 2017/2018
Egypt’s Gas Demand to Reach 4.1bcf/d in Summer
The Egyptian Ministry of Electricity and Renewable Energy estimated the amount of oil and gas it will need during summer 2017 at 4.1bcf/d of gas, 23,000 tons/d of mazut, and 3,000 tons/d of diesel.
