IMF to Visit Egypt for Final Loan Review in May
Lall praised the economic reform measures taken by Egypt that boost the country's investments and enable its private sector to continue growing.
Egypt | Egypt Oil & Gas - Part 210
Petroleum Ministry, IFC sign an Infrastructure MoU
The Egyptian Ministry of Petroleum signed a memorandum of understanding with the IFC for financing oil and gas infrastructure projects that support Egypt's strategy to become a regional oil and gas trading hub.
Egypt Consumes 1.15 M Tons of Diesel in March
Egypt produces around 518,000 tons of diesel per month, through state owned and private owned refineries.
Electricity Consumption Decreases by 3.88% in a Month
Egypt's electricity consumption decreased by 3.88% over, recording 12.4 megawatts per hour (MWh) in December 2018 compared to 12.9 MWh in November 2018.
EDC Becomes 100% Egyptian
EDC expanded its scope of work, currently owning 40 onshore drilling rigs, four offshore rigs, 21 wells maintenance rigs, two lifting units, and one offshore device.
El Molla, Finance Institutions Discuss Natural Gas Delivery
The meeting discussed the updates of the national project designed to connect households to the natural gas national grid, in which both the World Bank and AFD contribute in funding, along with the European Union ...
Oil Trade Balance Records $150.8 M Surplus in H1 FY 2018/19
Oil goods exports grew by 18.4%, recording $14.3 billion in H1 FY 2018/19 compared to $12.1 billion in H1 FY 2017/18, which contributed to decreasing the deficit in the balance of trade.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Egyptian PM Reviews Petroleum Projects
Egyptian Prime Minister, Mostafa Madbouly, met with Minister of Petroleum, Tarek El Molla, to review the status of several oil and gas projects.
Egypt Establishes HR Database for Petroleum Sector
Egypt recently established a single data base that connects all employees in the oil and gas sector to the Ministry of Petroleum, the Egyptian General Petroleum Corporation (EGPC) and other holding companies.
