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'.
Egypt | Egypt Oil & Gas - Part 299
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.
EETC to Launch Solar Plants Tender
The Egyptian Electricity Transmission Company (EETC) will launch a tender by end of January for global firms to establish 500 MW solar power plants.
Rashpetco Natural Gas Production Hits 486 mscf/d in H1
Rashid Petroleum Company/Burullus Gas Company (Rashpetco) has achieved its production target for the first half of fiscal year (FY) 2017/2018, reaching 684 mscf/d of natural gas.
Botagasco Follows Up on Butane Warehouses
The Egyptian Company for Gas Transportation and Delivery (Botagasco)’s Head, Ahmed Abdel Moteleb, has led a follow up visit to the company’s warehouses across Cairo in order to ensure the availability of butane cy ...
