Enppi Signs Deal to Manage IPO
Engineering for the Petroleum & Process Industries (Enppi) has signed a contract with three banks to manage the company's initial public offering (IPO) on the Egyptian Exchange Market (EGX).
Egypt | Egypt Oil & Gas - Part 244
Egypt Adds 40 Tcf of Natural Gas to Reserves from 2016-18
Egypt has successfully added 40 trillion cubic feet (Tcf) of natural gas to reserves from four major projects during the period from 2016 to 2018, Lamia Abou Shahba, Department Manager of Gas Regulatory Affairs at ...
Noble Energy Sells its Stakes in Tamar Field
Noble Energy has sold its 43.5% stake in Israel's Tamar natural gas field a week after announcing that it will fund a natural gas export deal with Egypt.
Egypt’s Fuel Subsidies Bill May Reach EGP 100B in 2018/19: Government Source
Egypt's fuel subsidies bill could reach EGP 100 billion in fiscal year (FY) 2018/19 due to the recent surge in oil prices, according to a government source.
Electricity Output Increased by 4.6% YOY in June: CAPMAS
Electricity production in Egypt jumped by 4.6% year-on-year (YOY) in June 2018, generating 18.1 megawatts per hour (MWh) compared to 17.3 MWh in June 2017.
Diesel Consumption Drops by 2.5% YOY
Egypt’s diesel consumption dropped by 2.49% year-on-year (YOY) to reach 1.136 million tons in July 2018, down from 1.165 million tons in July 2017.
El Molla: Egypt will Continue to Cut Energy Subsidies
Egypt will continue to cut energy subsidies in order to decrease government expenditure, petroleum minister Tarek El Molla has said.
Butane Consumption Decreases by 7.6% YOY in July
Egypt’s butane consumption decreased by 7.63% year-on-year (YOY) as the country used 284,600 tons in July 2018, compared to 308,100 tons in July 2017.
Petroleum Production Rose by 1.55% YOY in July
Production of crude oil, condensates, and butane increased by around 1.55% year-on-year (YOY) in July 2018, producing 2.818 million tons compared to 2.775 million tons in July 2017.
Natural Gas Production Increases by 14.9% YOY
Egypt's natural gas output rose by 14.9% year-on-year (YOY) to reach 3.873 million tons in July 2018, compared to 3.371 million tons in July 2017.
