Egypt

  • Apex Announces New Oil Discovery in Western Desert

    Apex Announces New Oil Discovery in Western Desert

    Monday, 18th January 2021

    Apex International Energy (Apex) announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt.

  • MoP to Supply Natural Gas to 60 New Regions

    MoP to Supply Natural Gas to 60 New Regions

    Monday, 18th January 2021

    Egypt planned to supply natural gas to more than 60 new regions, which already supplied to 34 regions of them at the beginning of the fiscal year (FY) 2020/21.

  • Egypt to Establish City for Gold Industry

    Egypt to Establish City for Gold Industry

    Sunday, 17th January 2021

    The President Abdel Fattah Al-Sisi directed to establish an integrated city for gold industry in Egypt to reflect its ancient history, according to the Spokesman of Egyptian the Presidency, Bassam Radi.

  • GPC’s Production Hits New Record of 68,000 bbloe/d

    GPC’s Production Hits New Record of 68,000 bbloe/d

    Sunday, 17th January 2021

    Egypt allocated investments with EGP 5 billion to the General Petroleum Company (GPC) to increase drilling exploration and development wells.

  • Egypt Gains EGP 930 MM from Sukari Mine Taxes

    Egypt Gains EGP 930 MM from Sukari Mine Taxes

    Thursday, 14th January 2021

    The General Manager of Centamin Egypt, Youssef El Raghy, announced that Egypt received a total amount exceeding EGP 930 million from Sukari gold mine, since the start of operation until the last of December 2020.

  • Egypt to Receive $1.1 B Fund From ITFC

    Egypt to Receive $1.1 B Fund From ITFC

    Wednesday, 13th January 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of an agreement with the International Islamic Trade Finance Corporation (ITFC) to provide integrated financing solutions to all Egypt's sectors for 2021 worth $1.1 billion. This was in the presence of Hala El Said, the Minister of Planning and Economic Development, Ali Al-Moselhi, the Minister of Supply and Internal Trade, Rania Al-Mashat, the Minister of International Cooperation (MOIC), and Neveen Gamea, the Minister of Trade and Industry via video conference.

  • Egypt Aims to Raise Pipeline Network’s Efficiency

    Egypt Aims to Raise Pipeline Network’s Efficiency

    Tuesday, 12th January 2021

    Egypt will implement new projects to develop and raise the efficiency of national network of pipelines for transporting petroleum products and expanding network lines in an efficient and easy manner.

  • Monday Minutes: Economic Snapshot

    Monday Minutes: Economic Snapshot

    Monday, 11th January 2021

    A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

  • South Disouq SD-12X Produces First Natural Gas 6 Weeks Early

    South Disouq SD-12X Produces First Natural Gas 6 Weeks Early

    Wednesday, 6th January 2021

    SDX Energy Company produced first natural gas at South Disouq SD-12X well in Egypt on 21 December 2020, six weeks ahead of schedule.

  • Egypt Keeps Fuel Prices Unchanged for Q1 2021

    Egypt Keeps Fuel Prices Unchanged for Q1 2021

    Wednesday, 6th January 2021

    The Egyptian automatic fuel pricing committee decided to keep the prices of fuels and petroleum products unchanged Q1 2020 among the domestic market.

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