Egyptian Cabinet has approved the $200 million loan agreement with the European Bank for Reconstruction and Development (EBRD), which is set to finance the modernization of a number of selected gas infrastructure ...
The General Petroleum Company (GPC) plans to drill 5 exploratory wells and 13 development wells, as well as maintain and complete 27 wells during FY 2018/2019.
Egyptian output of petroleum products has increased by 6.3% in 13 fiscal years (FYs) to reach 28.9 million metric tons (MT) in FY 2015/2016, compared to 27.1 million MT in FY 2002/2003.
Egypt has recorded the third place among Arab natural gas consuming countries, as it consumes 11.8% of the Arab natural gas total consumption.
Diesel consumption in the Egyptian market reached around 305,000 tons per week across all sectors, Abed Ezz El Regal, Head of the Egyptian General Petroleum Corporation (EGPC), said.
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'.
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 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,
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.
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.
