The First Stage of Zohr’s Development Nearing Completion
The first phase of development at the Zohr gas field is in its final stages.
Egypt | Egypt Oil & Gas - Part 314
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Consumption of Diesel Edges up to 1.235M Tons
Egypt's diesel consumption in August rose slightly from the previous year, notching a 0.65% year-on-year increase from August 2016.
Ministry Predicts Natural Gas Output of 5.342 bcf/d
Production of natural gas should rise to 5.342 billion cubic feet per day (bcf/d) during fiscal year (FY) 2017/2018.
EGPC Produces 290,000 tons of Diesel per Week
The Egyptian General Petroleum Corporation (EGPC) produces approximately 290,000 tons of diesel per week.
IMF Begins 2nd Review of Egypt’s Economic Reforms
The International Monetary Fund (IMF) has begun its second periodic review of Egypt’s economic-reform program prior to the release of the next installment of its loan package to the country.
Italian Amb.: Egypt’s Oil & Gas Production Promising
The Italian Ambassador, Gampolo Cantini, noted the promising nature of Egypt’s oil and gas production during a meeting with the Minister of Petroleum and Mineral Resources, Tarek El Molla.
Natural Gas Output Remains Steady in August
Natural gas production remained constant in August. Egypt produced 3.364 million tons, a slight decline from the 3.37 million tons it produced in July.
Petroleum Consumption Decreases
Egypt’s consumption of petroleum products dropped to 3.094 million tons in August, as 6.3% year-on-year (Y-o-Y) decline from 3.302 million tons in August 2016.
Cabinet Approves Executive Regulations for Investment Law
The Egyptian Cabinet has approved the executive regulations for Law Number 72 of 2017 (72/2017), commonly called the Investment Law.
