Petroleum Exports Rise to $1.8B in Q1
The value of petroleum exports rose 20% to reach $1.8 billion in the first quarter of fiscal year (FY) 2017/2018.
Egypt | Egypt Oil & Gas - Part 298
Government Predicts 6.4 bcf/d of Natural Gas in 2018
The Ministry of Petroleum and Mineral Resources aims to increase natural gas production to 6.4 billion cubic feet per day (bcf/d) by mid-2018.
Ministries Explore Options for New Power Plant
The Ministries of Electricity and Renewable Energy and Petroleum and Mineral Resources are negotiating alternative locations for the power plant planned for Dayrout.
IMF Board to Discuss Egypt on December 20th
The Board of Directors of the International Monetary Fund (IMF) will meet on December 20th to discuss the IMF’s second review of Egypt’s economic reform.
Dabaa Nuclear Deal Signed
Rosatom Director General Alexey Likhachev and Egyptian Minister of Electricity Mohamed Shaker signed on December 11th the pre-contract notices for the contracts to establish the El Dabaa nuclear power plant.
GE, EETC to Increase Capacity at Transformer Station
General Electric (GE) signed a contract with the Egyptian Electricity Transmission Company (EETC) to increase the capacity of the Gabal El Zeit transformer station.
84% of Q1 FDI Flows to Energy Sector
Egypt's energy sector received approximately 84% of the country's foreign direct investment (FDI) during the first quarter of 2017/2018
Electricity Loads Remain Stable
Electricity production is remaining stable under 25,000 megawatts (MW).
El Molla Chairs OAPEC Meeting
The Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the meeting of the Ministerial Council of the Organization of the Arab Petroleum Exporting Countries (OAPEC).
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
