The country's refinery production capacity ranged between 500,000 and 550,000 tons in February 2019, covering around 50% of consumption, Ezz El Regal noted, adding that Egypt secures the remaining amounts through ...
The agreement was signed in Nicosia in September 2018 in order to facilitate natural gas delivery from Cyprus to Egypt's liquefaction plants in Idku and Damietta.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Private sector companies stopped applying for natural gas import licenses as Egypt’s natural gas production grew to 6.8 bcf/d achieving self-sufficiency with surplus of exports.
The platform has made 4 million tons worth of petroleum trade movements in 2018, recording 52% increase from 2017.
Companies will have to submit their offers maximum by August 1st, 2019. Meanwhile, the designated agreement will have certain terms and conditions.
The bid round will be open for 10 exploration blocks in Egypt's territorial waters in the Red Sea
Vantage's Tungsten Explorer drillship will be responsible for drilling a firm well, with an option to drill three more wells. The drilling program is planned to be completed in 77 days.
Egypt has achieved highest production of crude oil and natural gas in its history during February 2019, producing 1.8 mmboe/d.
The loan agreement was signed on December 27, 2017 by Egypt and EBRD to grant EGAS a $200 million loan.
