Egypt | Egypt Oil & Gas - Part 278

Petroleum Ministry to End FSRU Contract

The Egyptian Ministry of Petroleum and Mineral Resources has announced that it will dispense with the Höegh Gallant floating storage and regasification unit.

Saudi Aramco to Supply Egypt with Crude for 6 Month

Saudi Aramco agreed with Egypt to supply crude oil for six month for the Egyptian refiners, starting January 2018.

ELAB Exceeds Production Expectations in 2017

The Egyptian Linear Alkyl Benzene Company produced 116,000 tons of linear alkyl benzene during 2017, exceeding the planned output by 16%.

Egypt, Cyprus Discuss African-European Electricity Project

Egyptian and Cypriot officials have discussed the implementation of an African-European electricity project between Egypt, Cyprus and Greece.

New Gas Market Regulatory Authority Holds First Meeting

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the first meeting of the new Gas Market Regulatory Authority’s board of directors.

AMOC Targets Nasdaq Bourse

Egypt’s Alexandria Mineral Oils Company wants to list shares on the Nasdaq Dubai bourse.

Electricity Generation Increase by 2.9% Y.o.Y

Egypt’s generated electricity increased by around 2.9% year-on-year in November 2017.

Aviation Ministry’s Arrears for Petroleum Ministry Hike to EGP 7 B

The Egyptian Ministry of Civil Aviation's indebtedness to the Ministry of Petroleum increased to EGP 7 billion by the end of 2017.

IFIC Increases Stakes in a North Sinai Field

International Financial Investments Company (IFIC), has increased its stake in NSCO Investments Limited Company, which owns the concession rights of the natural gas field located in the North Sinai offshore region ...

Egypt’s Butane Imports Increase by 21.76% Y.o.Y

Egypt’s butane imports increased by around 21.76% Year-on-Year (Y.o.Y), reaching 235,600 tons in December 2017 compared to 193,500 tons in December 2016.

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