Methanex Egypt Sells 500,000 Tons of Methanol
Methanex Egypt sold 500,000 tons of methanol to the Egyptian market since it has started operating in the country.
Egypt | Egypt Oil & Gas - Part 205
50% of Benban Solar Park to be Complete in June
The companies have already commercially started operating some plants and are done with 40% the power plant’s projects.
Intro Group Appoints New Managing Director
Intro Group, the mother company of the National Petroleum Company (NPC) ADES Investments, has announced Mohamed Elakhdar to be the new Managing Director.
North Sinai Adopts New Petroleum Plan
The plan will be carried out after the quantities of petroleum products sold for each citizen through fuel stations are specified.
Zohr Condensates Production Increases
Condensate production from Zohr field increased by 14.29% due to the increase in the field's natural gas output, reaching around 4,000 tons per day compared to 3,500 tons per day in 2018.
EGAS, NOMP Ink Agreement for Smart Meters
The Egyptian Natural Gas Holding Company (EGAS), National Organization for Military Production (NOMP) signed a protocol for producing smart prepaid gas meters.
EEHC Receives EGP 6.1 B Arrears from Government Entities
The Egyptian Electricity Holding Company (EEHC) received EGP 6.1 billion in arrears from authorities and governmental institutions during February.
Egypt Signs 7 Contracts to Develop National Grid
The Egyptian Electricity Transmission Company (EETC) signed seven contracts worth EGP 656.3 million with the Egyptian German Electrical Manufacturing Company (EGEMAC) to develop the national electricity grid.
Fuel Subsidy Bill Drops by 19.1% in FY 2018/19
Egypt’s fuel subsidy bill dropped by 19.1% to reach EGP 89.075 million in fiscal year FY 2018/19, compared to EGP 110.148 million in FY 2017/18, Egypt’s Financial Statement for FY 2018/19 revealed.
Egypt Starts Hedging Mechanism in FY 2018/19
The Egyptian government is taking a hedging mechanism against oil and food commodities price fluctuations in fiscal year (FY) 2018/19.
