Midor Reaches Financial Closure for Expansion Upgrades
Midor reached financial closure for the $2.2 billion expansion and upgrade program for its Alexandria refinery
Egypt | Egypt Oil & Gas - Part 226
Egypt’s Natural Gas Output Increases 20.99% YOY
Egypt’s natural gas output increased by 20.99% YOY, reaching 4.178 million tons in December 2018, up from the 3.453 million tons produced in December 2017.
Saudi Arabia Signs $2 B Deal with SUMED
Saudi Arabia's Aramco and SABIC signed agreements with SUMED worth $2 billion to establish petrochemical projects in the Mediterranean region.
Parliament Approves $132 M Loan for Electric Grid Development
The Egyptian parliament approved a loan agreement of around $131.79 million from the AFESD in order to develop the country's national electricity transmission grid.
Eni to Complete Sixth Zohr Processing Unit End of February
Eni completed drilling the tenth well at Zohr field, which was gradually linked to the production of the operating processing plants.
PMRD Conference and Exhibition to Launch February 26
The annual conference will allow the exchange of views and ideas between leading scientists and experts in the field of petroleum and natural gas
Electricity Prices to Increase in July
Egypt's electricity budget deficit reached EGP 21 billion, and there is no escape from the electricity prices increase of July 2019.
Egypt to Be a Must-Have Petroleum Investment Destination
Petroleum Intelligence Weekly announced Egypt to be a must-have petroleum investment destination for IOCs due to the Zohr giant gas discovery made by Eni in 2015.
EETC to Increase Cost Sharing Value by 25% for Benban Projects
The main reason behind this upsurge is the infrastructure prices increase and the construction of a central station and weight control room.
Egypt Cooperates with Arab Region States
Two seismic surveys in the Red Sea and southern Egypt have been carried out, which encourages the MoP to submit tenders to IOCs and promote exploration and production E&P in the region.
