Egypt Economic Growth Reaches 5.5% in H1 2018/19
Egypt's economic growth rate reached 5.5% during the first half of FY 2018/19, increasing 0.2% from the rate in the same period of FY 2017/18.
Egypt | Egypt Oil & Gas - Part 222
Egypt Signs 51 Agreements Worth $27.2 B Petroleum Investments: El Molla
The new agreements will boost production capacities, expand E&P operations and contribute to social development in the areas of exploration.
Petroleum Production Covers 75% of the Market’s Demands
The Egyptian oil and gas sector managed to boost production rates during the second half of 2018 to reach 665,000 b/d of crude oil and condensates, which covers around 75% of the local market's demands.
Egyptian Butane Production Increases by 12.42% YOY
Egyptian butane output grew by 12.42% YOY, reaching 153,000 tons in November 2018 compared to 136,100 produced in November 2017.
EDT Offshore to invest in Egypt’s Damietta Port
The logistic support company showed interest in investment opportunities in oil and gas powerships due to the ports' location near natural gas fields.
Egyptian Gas Officially Reaches Jordan
Egypt has started exporting around 165 million standard cubic feet per day (mmscf/d) of natural gas to Jordan in order to cover gas supply in electricity generation.
Egypt Pays $3.1 per mBtu for Burullus 9B Gas
EGPC pays Royal Dutch Shell $3.1 per 1 mBtu to buy its natural gas share produced from phase 9B of Burullus field.
Cabinet Promotes Natural Gas-Powered Vehicles
Prime Minister, Mostafa Madbouly, highlighted directives by President Abdel Fattah El Sisi to boost encouraging citizens to turn their cars into natural gas and electric-powered ones.
Parliament Approves Egypt-Cyprus Gas Pipeline
The agreement aims to facilitate exporting natural gas from Cyprus to Egyptian liquefaction plants, Idku and Damietta.
Fuel Cargoes Imports Exceed $400 M per Month
Benzene, diesel and butane are the most imported fuels due to local consumption.
