COOP, Kafr El-Sheikh Sign Petrol Stations Agreement
Petroleum Cooperative Society Company (COOP) will invest EGP 50 million in the construction of seven new petrol stations after they concluded an agreement with Kafr El-Sheikh governorate.
Egypt | Egypt Oil & Gas - Part 272
Apache to Drill 50 Wells in Egypt in 2018/2019
Apache Corporation will adopt a new exploration plan which includes drilling 50 new wells during fiscal year (FY) 2018/2019, via Qarun and Khalda oil companies.
Egyptian Minister Discusses Investment Opportunities with Snam
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Italian Snam Company’s CEO, Marco Alvera, to discuss the opportunities and areas of cooperation during the coming period.
Egypt’s Diesel Output Falls 8.73% Y.o.Y
Egypt produced 554,000 tons of diesel in January 2018, an 8.73% year-on-year decrease.
Egypt’s Butane Imports Increase 19% Y.o.Y
Egypt’s butane imports increased 19% year-on-year between January 2017 and January 2018.
Egypt’s Consumption of Petroleum Products Falls 11.76% Y.o.Y
Egypt’s consumption of petroleum products fell from 3.282 million tons in January 2017 to 2.896 million tons in January 2018, a 11.76% year-on-year decrease.
Egyptian Natural Gas Output Increases 28% Y.o.Y
Egyptian natural gas output increased 28.45% year-on-year, reaching 3.595 million tons in January 2018 compared to 2.799 million tons in January 2017.
ADES Announces 17.5% Annual Revenue Growth
The Advanced Energy Systems company has announced revenues of $157.6 million in 2017, a 17.5% year-on-year increase from 2016.
Schneider Electric Values Work in Zohr Field at $73.88 M
Schneider Electric announced that its work in the first phase of Egypt’s natural gas field amounted to around $73.88 million as the company supplied the main equipment of the wells.
Electricity Loads Remain Stable
The Egyptian Ministry of Electricity and Renewable Energy has said that the improvement of temperature has helped to stabilize the electrical loads on the country's national grid.
