SOCO International Completes Acquisition of Merlon
The company agreed with Merlon on the acquisition in exchange of around $136 million in cash, as well as issuing 65,561,041 new ordinary shares of SOCO to Merlon International.
Egypt | Egypt Oil & Gas - Part 215
Egypt, Jordan Sign A Natural Gas Pipeline Maintenance Agreement
Egyptian Minister of Petroleum, Tarek El Molla, and his Jordanian Counterpart, Hala Zawati, witnessed the signing of a long term agreement for the maintenance and operations of the natural gas pipeline in Jordan.
El Molla, Zawati Launch A Compressor Station in Aqaba City
Egyptian Minister of Petroleum, Tarek El Molla, and Jordan's Energy Minister, Hala Zawati, launched a natural gas development project in the main compressor station in Aqaba City to enable natural gas trade betwee ...
Egypt Links 9.8 M Households to Natural Gas Grid
The country plans to boost the number of linked houses to a total of 10 million households by the end of June 2019.
Al-Manar Group Plans to Boost Exports to 10%
Al-Manar Group plans to boost its exports to 10% in 2019, as the company increases its lubricant production capacity and supplies them to a number of new Arab and African markets.
Egypt Diesel Production Drops by 6.5% YOY
Egypt’s diesel production decreased by 6.5% year-on-year (YOY) in January 2019, recording 518,000 tons, down from the 554,000 tons of January 2018.
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.
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.
