Fuel subsidies Jump by 34% in H1 of 2017/18
The cost of Egyptian fuel subsidy has increased by 34% during the first half of fiscal year (FY) 2017/2018, reaching EGP 51 billion, from EGP 38 billion.
Egypt | Egypt Oil & Gas - Part 301
Cabinet Approves E&P Agreements in Suez Gulf
Egyptian Cabinet has approved a draft law to license the Minister of Petroleum and Mineral Resources to contract with EGPC and BP Exploration (Delta) Ltd. for exploration and production (E&P) activities in the nor ...
Qarun to Drill 22 Wells in 2018/2019
Qarun Petroleum Company plans to drill 22 wells to expand its activities during fiscal year (FY) 2018/2019, for production to reach 11.9 million barrels during the fiscal year.
Kuwait Energy Seeks Success in Egyptian Concessions
Kuwait Energy Company is looking forward to expanding its success in the company’s concessions in Egypt, and participating in international oil and gas international tenders launched by the Egyptian oil and gas se ...
Xodus Appoints First General Manager for Egypt Office
Xodus Group appointed Salah Farid Tantawy as its first general manager in Egypt as it plans to boost its track record in the North African country and aims for new contracts.
Egypt to Connect 1.35 M Households to National Gas Grid
The Egyptian cabinet announced allocating EGP 4.5 billion to connect 1.35 million residential units to the national gas grid by the end of 2018.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators on one page, for your convenience.
Egypt Natural Gas Output to Exceed 6 bcf/d
Egypt’s production of natural gas increased by 1.6 bcf/d in 2017, up to 5.5 bcf/d, said Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources.
ERC New Processing Plant to Start Operation in Six Months
Once the plant starts operations, it will decrease the country's need for diesel by around 50% and that of imported gasoline by 20%.
EBRD to Issue $200 M Loan to SOPC
The loan is designated to finance a number of energy efficiency investments, as well as installations and refurbishments at the Suez refinery.
