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.
Egypt | Egypt Oil & Gas - Part 319
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).
Botagasco Opens a New Butane Warehouse
Egyptian Company for Gas Transportation and Delivery (Botagasco) opened a new butane distribution warehouse in Kirdasa, Giza, to serve the citizens of Kirdasa and its surrounding area.
Shell to Drill 63 Wells in Western Desert
Royal Dutch Shell plans to drill 63 wells in the Western Desert during 2018.
96.1% Public Facilities Rely upon Electricity
Electricity is the main source of fuel for 96.1% of Egypt’s public facilities.
Egypt Invests EGP 483B in Electricity Grid
Egypt has recently invested EGP 483 billion in projects to develop its national electricity grid
Egypt’s Fuel Imports Reach $819M in June
The Egyptian oil and gas sector imported fuel for $819 million in June 2017, making around 30.6% Year-over-Year (Y-o-Y) increase from $627 million worth fuel in June 2016.
12.2% of Buildings Linked to Natural Gas Grid
The percentage of buildings linked to Egypt’s natural gas grid rose to 12.2% in 2017
APRICOP Considering Additional Investments in Egypt
Arab Petroleum Investments Corporation (APRICOP) is studying new projects for investment in Egypt.
Inflation Falls in September
Urban consumer price inflation eased slightly in September, dropping to 31.6% from 31.9% in August.
