cabinet | Egypt Oil & Gas - Part 5

El Sisi Orders Maximizing Egypt’s Oil Exploration

President Abdelfatah El Sisi has directed the Cabinet to extend the rate of oil and natural gas exploration, with a focus on maximizing the utilization of the country’s natural resources.

PM Oversees Settling Interministerial Financial Records

Prime Minister Mostafa Madbouly held a meeting with the Ministers of Petroleum, Electricity, and Finance to follow up on resolving financial entanglements.

Government Closely Monitoring Fuel Market

Operations rooms at the Ministry of Petroleum and the Cabinet's Information and Decision Support Center (IDSC) are closely following fuel distribution and transportation prices.

Cabinet Denies Electricity Prices Increase for July

The Cabinet said that the assumed percentage is inaccurate and any official increase will be announced by the Cabinet through an official press conference.

Cabinet Approves Solar Project Talks with Eni

The cabinet approved establishing a 200 MW solar plant by Eni, considering that the price of electricity produced from the plant will be of the same value as the prices received to transmit electricity in Kom Ombo ...

Cabinet Promotes Natural Gas-Powered Vehicles

Prime Minister, Mostafa Madbouly, highlighted directives by President Abdel Fattah El Sisi to boost encouraging citizens to turn their cars into natural gas and electric-powered ones.

Cabinet Rejects Rumors of Fuel Price Increase

The media department of the Egyptian cabinet has rejected rumors about a new fuel price increase in 2018 to decrease the budget deficit.

Cabinet Approves Exploration and Development in Nile Delta

The Egyptian Cabinet has approved a decree allowing Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla to contract with the Egyptian General Petroleum Corporation, the Italian Egyptian Oil Company ...

Cabinet Approves Offshore Propylene Platform

The Egyptian cabinet approved establishing an offshore floating platform at Gameel area, West Port Said, to receive propane gas and liquefied propylene.

Cabinet Issues E&P Agreements Licenses

The Egyptian cabinet has issued a license to amend the exploration and production (E&P) agreement for the Ras Qattara Concession.

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