Petroleum Ministry Eyes Chinese Investment Opportunities
Egypt has promising investment opportunities with China in the fields of energy, oil and natural gas, stated Ashraf Farag, deputy minister of petroleum for agreements and exploration.
Egypt | Egypt Oil & Gas - Part 238
ACWA Power to Establish $2.3 B Gas-Fired Combined Cycle Plant
ACWA Power Company, in cooperation with Hassan Allam Group, will establish a $2.3 billion gas-fired combined cycle electricity generating plant with a 2300 MW production capacity.
Egypt-Israel Gas Deal: Pipeline Capacity Issue Casts Shadow over Gas Export Agreement
Israel's domestic pipeline infrastructure reportedly does not have the capacity to transfer the contracted quantities of natural gas from the Tamar and Leviathan fields to Egypt.
Petroleum Ministry to Settle IOC Arrears by 2019 End
The Egyptian Ministry of Petroleum plans to settle total arrears for international oil companies (IOCs), which have reached $1.2 billion, by the end of 2019.
Electricity Output Drops by 1.97% YOY in July 2018
Egyptian electricity production dropped by 1.97% year-on-year (YOY) in July 2018, generating 19.9 megawatts per hour (MWh) compared to 20.3 MWh in July 2017.
El Sisi: Egypt Consumes $42 B Worth Petroleum Products/Year
Egyptians consume around $42 billion worth petroleum products each year, said President Abdel Fattah El Sisi during the 'Rebuilding Societies and States in the Context of Post-Conflict' discussion at the World You ...
Diesel Consumption Drops by 17.89% YOY
Egypt’s diesel consumption dropped by 17.89% year-on-year (YOY) to reach 1.014 million tons in August 2018, down from 1.235 million tons in August 2017.
Egyptian Butane Imports Dropped by 7.33% YOY
Egypt’s butane imports decreased by 7.33% year-on-year (YOY) as the country imported 148,000 tons in August 2018, compared to 159,700 tons in August 2017.
Egypt Targets Boosting Crude Oil Production by 10,000 b/d
The Egyptian Ministry of Petroleum and Mineral Resources is aiming to increase crude oil production by 10,000 barrels per day (b/d) by the beginning of 2019.
Petroleum Production Rose by 1.53% YOY in August
Production of crude oil, condensates, and butane increased by around 1.53% year-on-year (YOY) in August 2018, producing 2.852 million tons compared to 2.809 million tons in August 2017.
