Badr City Depot to Open in November
The petroleum-storage facility in Badr City is nearing completion and will begin operations in November 2019.
Egypt | Egypt Oil & Gas - Part 319
El Garhy: No Fuel Subsidy Cuts in FY 2017/2018
The government has no plans to cut fuel subsidies during fiscal year (FY) 2017/2018.
AMOC Invited to Cross List on Dubai Exchange
Nasdaq Dubai proposed that Alexandria Mineral Oils Company (AMOC) cross list some of its shares on the Dubai stock market.
Egypt to Receive $2B Tranche after Second IMF Review
The International Monetary Fund (IMF) expects to release the third tranche of its $12 billion loan to Egypt after the completion of a second review of Egypt’s compliance with the loan agreement later this year.
Egypt to Implement 12 New Gas Projects
Egypt will implement 12 new gas-development projects over the next four years.
El Molla Appoints New Ministerial Assistant
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced a new appointment.
Enppi’s IPO Delayed Until 2018
Egypt has pushed back the initial public offering (IPO) of Engineering For The Petroleum & Process Industries (Enppi) until the first quarter of 2018.
IMF: Egypt on Positive Trajectory but Inflation Threatens Stability
Egypt has made a “strong start” on its reform program, but high inflation threatens macroeconomic stability.
Zohr to Yield 500 mcf/d in 2017
The Zohr gas field will produce 500 million standard cubic feet per day (mscf/d) before the end of 2017.
Egypt to Launch New E&P Tender
The Egyptian General Petroleum Corporation (EGPC) is planning to launch a new exploration and production (E&P) tender before the end of 2017.
