Egypt | Egypt Oil & Gas - Part 315

MIDOR to Sell 50,000 Tons of Jet Fuel

The Middle East Oil Refinery (MIDOR) is offering the sale of 50,000 tons of jet fuel to be shipped during the second half of November 2017.

Jordanian Operations to Comprise 5% of Egypt Gas Company’s Revenue

Egypt Gas Company expects proceeds from its expansion project in Jordan to reach 5% of its revenues by the end of 2018.

Fuel Exports Rise by $127M

The value of Egypt’s fuel exports increased by $127.335 million dollars from June 2016 to June 2017.

TransGlobe Produced 12.2M boe/d in Q3 2017

TransGlobe Energy Corporation produced 12.2 million barrels of oil equivalent per day (boe/d) in Egypt during the third quarter of 2017

Egypt to Continue to Pay Down Arrears

Egypt will make another payment toward its arrears to international oil companies (IOCs) before the end of 2017

VAT Revenues from Oil Sector Rose 520%

Value-added-tax (VAT) revenue from the oil sector grew at a faster pace than from other economic sectors during fiscal year (FY) 2016/2017.

Monday Minute: Economic Snapshot

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

First Phase of Development at Zohr 91% Complete

The first phase of development at the Zohr gas field is 91% complete.

Egypt to Receive $2B from IMF after 2nd Review

Egypt will receive the third tranche of its $12 billion loan from the International Monetary Fund (IMF) after the visit by the IMF delegation next month.

IMF Official: Egypt to Set Pace of Fuel-Subsidy Cuts

Egyptian authorities will determine the date of future fuel-subsidy cuts, according to the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF).

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