Egypt | Egypt Oil & Gas - Part 301

Egypt to Export Electricity in 2018

Egypt plans to be an electricity transfer and circulation regional hub in 2018, as the county will be able to export its surplus of electricity during 2018.

ExxonMobil Mulls Egypt’s Upstream Sector

Exxon Mobil officials are in talks with the Egyptian Ministry of Petroleum and Mineral Resources in order to invest in the country's oil and gas upstream sector.

Monday Minute: Economic Snapshot

A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.

Egypt to Increase Local Component of Wind Farms to 40%

Egypt's current local component to wind farms is estimated at 30%, with the aim to increase renewal energy manufacturing to 40% in wind farms and 30% in solar power plants.

Egyptian Government to Prioritize Energy Rationalization in New FY Budget

Egypt's Official Publication of Preparations of 2018/2019 Fiscal Year (FY) budget has stated a number of reforms aiming at rationalizing energy subsidies and expenditure.

Egypt to Participate in Shell’s ‘Make the Future’ Festival

Egypt is preparing to take a part at Shell's global festival, entitled 'Make the Future', which is celebrating innovative ideas and solutions concerned with global energy challenges.

Oil Ministry Declines Rumors on Zohr Production Start Rate

Ministry of Petroleum and Mineral Resources declined spreading news quoting the Minister of Petroleum, Tarek El Molla, saying that Zohr will start producing 1 billion cubic feet (bcf) of natural gas within days.

Fire Breaks out at SOPC’s Mazut Coking Complexes

Fire has broken out at the mazut coking complexes located in Egypt's Suez Oil Processing Company (SOPC), due to mazut trafficking from one of the valves.

El Molla Issued New Promotions and Transfers

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new promotions and transfers.

El Molla Looks to Increase Natural Gas Production by 1.9 bcf/d

 The Ministry of Petroleum and Mineral Resources plans to increase natural gas production by 1.9 billion cubic feet per day (bcf/d) by 2023.

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