News / Egypt
El Molla Meets EU Representatives
The minister and his guests discussed areas of cooperation between Egypt and EU, in addition to the tools needed to magnify this cooperation during the coming period.
Egypt Celebrates Edco Last Loan Installment
Egypt's advanced infrastructure is the cornerstone for establishing the national project to become a regional strategic center for energy trading, Minister of Petroleum and Mineral Resources, Tarek El-Molla, said.
First Chinese-Operated Gas Regulator Station to Start Operations
Egypt's first Chinese-operated gas regulator station will start being operational by September 2017. The gas regulator will be located in Beni Suef and will be operated by China Petroleum Technology & Development Corporation (CPTDC).
Fitch: Egypt’s Energy Price Increase Show Commitment
Egypt's new budget and the decrease of electricity and fuel subsidies show that Egypt is committed to the fiscal consolidation as well as the economic reform, the rating agency Fitch Ratings stated.
Butane Imports Surpass 180,000 tons
Egypt imports more than 180,000 of butane on a monthly basis to cover citizens' demands and the demands of sectors using butane, such as farms and bakeries, the Head of EGPC stated.
El Molla Visits Sidpec Fire Injured Employees
Minister of Petroleum and Mineral Resources, Tarek El Molla, visited several hospitals in Alexandria in order to check on the 44 workers who were injured during the fire that broke out on the ethylene unit in Sidi Kerir Petrochemicals Company (Sidpec).
Abu Kir Fertilizer to Decrease Profitability
The recent Cabinet decision to cut fuel subsidies obliged Abu Kir Fertilizers Company to decrease the prices of its products, the company's Head stated.
Sidpec Fire Not to Affect Production
The ethylene production unit will resume output according to the planned schedule after the completion of the regular maintenance work.
