Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Egypt | Egypt Oil & Gas - Part 179
Agiba Petroleum Gas Production records 17 mcf/d in FY2020/21
Agiba added around 6 million barrels of crude oil and 4.2 billion cf of natural gas to its recoverable reserves.
Pharaonic Petroleum gas output reaches 162 bcf in FY 2020/21
The company's production levels exceeded the fiscal year's plans, according to El Agrawy, who noted that the overall output of condensates reached 3.3 million barrels.
El Molla Inaugurates New Integrated Fuel Station in Alexandria
El Molla inaugurated an integrated fueling station in El Max neighborhood in Alexandria, after developing it to provide compressed natural gas (CNG) fueling option.
MoP Signs Founders Agreement for Misr Methanol and Petrochemicals Company
Helwan Fertilizer and Abu Qir Fertilizers companies will own a 35% stake for each, while Al Ahly Capital Holding Company will hold the remaining 30% stake.
Prime Minister, Siemens CEO Discuss Green Hydrogen Development in Egypt
Madbouly expressed his aspiration to translating the MoU signed between the two sides into concrete projects in the near future.
Prime Minister Follows Up Presidential Initiative to Convert Vehicles to Run on CNG
Madbouly held a meeting to follow up on the execution of the presidential initiative to replace old cars and convert vehicles to run on natural gas.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
CONNECT-PS Collaborates with Schneider Electric for Delivering EGPC a State-of-the-Art Data Center
CONNECT-PS, one of the nationally leading IT service providers in the Egyptian market, announced its successful delivery of Data Center renovation project for the Egyptian General Petroleum Corporation-EGPC.
TAQA Arabia, MAN Energy Sign MoU on Egyptian Green Hydrogen Project
According to the MoU, MAN Energy will provide technical information on employing electrolysis for a hydrogen-plant solution, due to run until autumn 2022.
