Egypt | Egypt Oil & Gas - Part 305

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.

Parliament Approves Laws to Regulate Nuclear Activity

Parliament approved three laws governing nuclear regulation and usage.

Consumption of Petroleum Products Rises

Consumption of petroleum products rose 5.24% in September to 3.256 million tons.

Natural Gas Production, Consumption Slip

Production of natural gas slipped approximately 4.37% in September compared to the previous month.

Al Nowais Negotiating Details for Proposed Coal Plant

Al Nowais Investment Company has proposed selling electricity from its planned coal-fired power plant at Ayoun Moussa at a price of $0.058 (or roughly EGP 1.02) per kilowatt hour (kWh).

Elsewedy Electric to Build 2 Wind Farms

Elsewedy Electric Company and Marubeni Corporation are looking to build two wind farms in Egypt

Egyptian Parliament to Vote on Nuclear Legislation

Parliament will vote today on three laws to regulate nuclear activity.

EGPC Official: Two-Month Diesel Consumption at 2.5M Tons

Overall consumption of diesel edged up in September and October to 2.5 million tons.

Misr Insurance to Insure Loans for Low-Income Gas Consumers

Misr Insurance Company agreed to insure EGP 50 million in interest-free loans offered by Nasser Social Bank to poor families to assist them in purchasing natural gas.

Page 305 of 459

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