News / Egypt
Egypt Establishes Asphalt Unit for EGP 138M
The new asphalt unit, which is being established at the Suez Oil Processing Company (SOPC), costs EGP 138 million. The unit aims to increase the company's asphalt production during 2018.
El Molla Discusses Investments with New Ambassadors
Minister of Petroleum met with Egyptian new ambassadors for foreign countries at the headquarter of the Ministry of Foreign Affairs.
Egypt to Boost Crude Oil Production
Ministry of Petroleum plans to boost daily production of crude oil and condensates to 36 million tons.
EPPC to Gather $300M from IPO
Egyptian Propylene & Polypropylene Company (EPPC) aims to collect $300 million from the initial public offering (IPO) in the first quarter of 2018.
EGPC to Launch a New Exploration Tender
The Egyptian General Petroleum Corporation (EGPC) is planning to launch an oil and gas exploration tender before the end of 2017, Minister of Petroleum and Mineral Resources. Enppi’s IPO Evaluated at $213M
The evaluation of the Engineering for the Petroleum & Process Industries (Enppi)'s initial public offering (IPO) resulted in early estimates ranging between $213 million and $267 million.
IMF Supports Egyptian Reforms, Approves New Tranche
The International Monetary Fund (IMF) supports the economic reform program adopted by Egypt, IMF's Chief for Egypt, Chris Jarvis, stated.
El Molla, Ismail Review Exploration Enhancement in Red Sea
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed during a ministerial meeting chaired by Prime Minister, Sherif Ismail, the efforts exerted by the ministry to enhance exploration in the red sea after the recent demarcation of Egyptian-Saudi borders 
