Egypt | Egypt Oil & Gas - Part 214

Maridive Operates 47 Vessels

The vessels include 24 AHTs, 24 OSV, 16 complementary vessels including tugs, mooring boats, and crew boats, as well as seven CSV including DSV and MPSV.

Ethydco’s Polyethylene Production Hits 381,000 tons

Ethydco achieved targeted production last year, covering local demand and increasing exports.

Power Plants Comprise 65% of Local Gas Consumption

Households and factories follow power plants in natural gas consumption.

GASCO’s Distribution Rises 6% in 2018

Developing the national grid is an essential component in Egypt’s strategy to become a regional hub for natural gas

Egypt’s IPO Activity Surges in 2018

Four IPOs that were valued at $315 million took place in 2018 on EGX, compared to the $179 million from the previous IPOs in 2017.

Zohr Production to Exceed 3 bcf/d by the End of 2019

The field's current production recorded over 2 bcf/d, which directly contributes to help Egypt reach natural gas self-sufficiency by the end of 2018.

Monday Minutes: Economic Snapshot

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

Idku Plant to Operate in Full Capacity in June: El Molla

Egypt plans to increase Idku liquefaction plant's gas exports to reach 1.13 bcf/d in June 2019, compared to the current 800 mmscf/d of gas exports.

Eni to Complete Zohr Onshore Pipeline in April

The plan is to export LNG from some of Zohr's production to the European markets upon obtaining a license from the Ministry of Petroleum.

Egyptian Banks to Finance 70% of Sidpec Propylene Factory

The company's management will take the necessary procedures to negotiate with financing institutions to obtain loans with the best possible terms and conditions to decrease equities' share in the financing.

Page 214 of 460

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