cabinet
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Iraqi Cabinet Approves Tender for Drilling 96 Wells
Monday, 29th March 2021
The Iraqi Cabinet has approved the recommendation of the Ministerial Council for Energy for conducting a tender to drill 96 oil wells in Basra.
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Cabinet Approves Green Incentives to Convert Cars to Natural Gas
Thursday, 11th February 2021
The Cabinet headed by Mostafa Madboulfy, the Prime Minister, approved to finance the proposed green incentive for car owners, as part of the President’s initiative, Abdel Fattah El-Sisi, to replace obsolete cars to run on natural gas.
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Madbouly Follows up on Natural Gas Stations’ Expansion
Thursday, 19th November 2020
The Prime Minister, Mostafa Madbouly, met with the Ministers of Petroleum and Mineral Resources, Finance, and Tarde and Industry to review the executive situation of natural gas stations, affirming that the expansion of establishing stations for natural gas supply, recharging electric cars, and exploiting the current infrastructure of the existing fuel stations is a vital topic in light of the strategy adopted by the state to convert cars to run on natural gas.
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Cabinet Approves Three E&P Agreements
Thursday, 5th November 2020
The Egyptian Cabinet approved three draft laws for three exploration and production (E&P) agreements.
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Cabinet Emphasizes Petroleum Sector Achievements
Tuesday, 22nd September 2020
The Media Center of the Cabinet issued a report shedding light on the most important achievements that led to Egypt's economic resilience during coronavirus, on top of which are several milestones of the petroleum sector.
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Natural Gas Vehicles to Save Citizen EGP 1,200 Monthly
Monday, 7th September 2020
The Minister of Petroleum and Mineral Resources, Tarek El Molla, said that natural gas usage as fuel will save about EGP 1,200 monthly for each citizen who uses an average 10 liters of gasoline 92 per month.
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Oil Pipeline from Iraq to Egypt, Jordan Gets Considered
Sunday, 6th September 2020
The Minister of Petroleum and Mineral Resources, Tarek El Molla, raised the subject of establishing a pipeline to transport crude oil from Iraq to Egypt and Jordan.
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Madbouli Inaugurates Crude Pipeline at Al Hamra Port Worth $100 MM
Sunday, 23rd August 2020
The Prime Minister, Mostafa Madbouly, had opened an eight-kilometer new crude oil pipeline at Al Hamra petroleum port in Al Alamein worth $100 million.
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Gamea Reviews Details for NGVs Conversion Initiative
Tuesday, 18th August 2020
The Minister of Commerce and Industry, Neveen Gamea, reviewed new details of the initiative to replace obsolete vehicles with vehicles running on natural gas.
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Monday Minutes: Economic Snapshot
Monday, 10th August 2020
A summary of last two week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Latest News
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Petrojet Carries out 350 Projects Worth EGP 53 B in 2020
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Monday Minutes: Economic Snapshot
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Egypt to Have One Million NGV within Three Years: El Molla
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El Molla Inspects Dahshour Gas Compressor Station Project
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.12 | +1.35% |
Crude Oil (Brent) Brent | USD/bbl | 63.78 | +1.32% |
NYMEX Natural Gas | USD/MMBtu | 2.58 | +2.26% |
OPEC Basket Price | USD/bbl | 61.22 | +0.89% |
Last Modified April 12, 2021