Petroleum Products Output Reach 28.9 M MT in 2015/2016
Egyptian output of petroleum products has increased by 6.3% in 13 fiscal years (FYs) to reach 28.9 million metric tons (MT) in FY 2015/2016, compared to 27.1 million MT in FY 2002/2003.
Egypt | Egypt Oil & Gas - Part 292
Egypt is the 3rd Arab Country in Gas Consumption
Egypt has recorded the third place among Arab natural gas consuming countries, as it consumes 11.8% of the Arab natural gas total consumption.
Egypt’s Diesel Consumption Reaches 305,000 Tons/Week
Diesel consumption in the Egyptian market reached around 305,000 tons per week across all sectors, Abed Ezz El Regal, Head of the Egyptian General Petroleum Corporation (EGPC), said.
Fitch Rates Egypt’s IDR as Positive
Fitch Ratings reviewed the Outlook on Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) and changed it to Positive from Stable, as it affirmed Egypt’s IDR at 'B'.
COOP Achieves 5 M tons of Petroleum Sales
Petroleum Cooperative Society Company (COOP) reached 5 million tons of petroleum products sales and 38,000 tons of lubricants’ sales during the first half of FY 2017/2018.
Misr Petroleum Company to Sell 10 M Tons in 2018/2019
Misr Petroleum Company plans to reach target sales of 10 million tons during FY 2018/2019 and achieve around EGP 49.8 billion sales revenue out of services and products sales,
MIGA Provides $102.6 M for Egypt’s Solar Energy
The World Bank's Multilateral Investment Guarantee Agency (MIGA) will provide Egypt with $102.6 million in credit facilities to finance six solar power plants.
APRC to Distill 3.9 M Tons of Crude Oil
Amreya Petroleum Refining Company (APRC) plans to distill 3.9 million tons of crude oil during fiscal year (FY) 2018/2019 to produce 79,600 tons of butane and 560,000 tons of 80-octane benzene.
Egypt, Siemens Halt Negotiations over 2000 MW Wind Farm
Egypt’s negotiations with Siemens over establishing a 2000 MW wind farm have stopped for the second time after disagreement on Feed-in Tariff.
BP: Geological Studies Prove Promising E&P Future
Geological studies and evaluations, as well as the development of technologies used in exploration and production (E&P), prove Egypt has a promising future in the E&P field.
