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 201
Town Gas Targets Adding 650,000 Houses to Natural Gas Grid
Town Gas Company plans to pump natural gas to 650,000 houses between 2019 and 2020.
General Electric to Increase Investments in Egypt
General Electric plans to increase cooperation with the Egyptian electricity sector, especially in renewable energy projects and wind farms, as well as developing transportation and distribution grids.
Cabinet to Review New Electricity Prices
EgyptERA prepared the new electricity pricing schemes that will be applied in fiscal year (FY) 2019/20 and will submit them to the cabinet by the end of May for approval.
Egypt Reviews Energy Hub Strategy Final Draft
Minister of Petroleum, Tarek El Molla, chaired the meeting of the governmental committee formed upon the instruction of the Prime Minister to follow up on the national project to transfer Egypt into a regional ene ...
Shell Reviews Schneider Electric Technologies
Officials at Shell reviewed the performance systems in Schneider Electric, which includes ways to continuously enhance performance to boost growth and operational excellence.
Ministry of Finance to Receive 25% of Gas Market Regulatory Authority’s Profits
The Ministry of Finance will receive 25% of the Gas Market Regulatory Authority’s profits, while the remaining 75% will belong to the regulator.
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 ...
El Molla Meets with Youth in HSE Training Program
The meeting was held at the end of the first phase of the program, which had been launched as a part of the ministry's Modernization Project to invest in developing the oil and gas sector's human resources and sup ...
El Sisi Approves E&P Agreement in GOS
According to the agreement, the company will search for and develop oil at the Ras Budran and El Zeit Bay oil fields in the Gulf of Suez (GOS).
