The Egyptian budget deficit for fiscal year (FY) 2017/18 was 9.8% of gross domestic product (GDP), a decrease from 10.9% the previous year, achieving a primary fiscal surplus for the first time in 15 years, deputy ...
The production capacity of Zohr gas field, which currently stands at 1.6 billion cubic feet per day (bcf/d), is slated to reach 2 bcf/d by September, according to operator Eni.
The Assiut Oil Refining Company (ASORC) is to construct a $1.85 billion facility for conducting thermal cracking on mazut.
The newly-established Natural Gas Regulatory Authority will soon begin its operations, the Ministry of Petroleum said in a press statement.
Shareholders of Israeli energy company Delek Drilling have agreed to invest in the East Mediterranean Gas Company (EMG), the owner of the pipeline linking gas fields in Israel to Egyptian export terminals.
Egyptian petroleum company Petrojet has signed a $33 million agreement for dock revamp work in Damietta governorate.
Egypt has allocated EGP 25 billion to be spent on developing the national electricity grid over the next two years.
Pharaonic Petroleum's natural gas production has reached 600 million standard cubic feet per day (mscf/d).
Egypt’s electricity consumption increased by 3.57% year-on-year (YoY) to reach 11.6 mega kilowatt per hour (mkw/h) in February 2018, compared to 11.2 mkw/h in February 2017.
Debts owed by the Egyptian Ministry of Electricity to the Egyptian General Petroleum Corporation (EGPC) have reached EGP 107.667 billion.
