News / Egypt
Egypt Increases Smart Card Program Participation
E-Finance's Smart Cards Manager, Khaled Abdel Ghany, stated that 12,000 Egyptian citizens recently applied for fuel smart cards.
Egypt to Pay $2b Compensation to Israel
Swiss court ruled that Egypt should pay a $2b compensation to Ampal-American Israel Corporation for the damage caused by the cessation of natural gas exports from Egypt to Israel in 2012.
Egypt to Receive Oil Shipment from Iraq
Iraq started loading a tanker with 2mb of crude oil bound for Egypt, marking the first shipment under a bilateral agreement.
El Molla Following-up the Modernization Project
Tarek El Molla chaired the meeting of the Higher Committee for Developing and Modernizing the Petroleum Sector.
Egypt to Raise gas Import Allocations by $500m in 2018
The Egyptian Government allocated $3b to import gas in 2018.
Egypt to Reach Oil Self-sufficiency by 2018
Tarek El Molla stated that the ministry is targeting bringing 2.5bcf/d of gas online in the coming months.
Total to Drill at North Mahalla Concession by May
Total is set to start drilling the first exploration well in North Mahalla onshore concession in the beginning of May.
Egypt to Hire IPO Adviser
Egyptian authorities are in talks with local and international investment banks to be advisers for the IPO program.
