Egypt | Egypt Oil & Gas - Part 336

Egypt’s Trade Deficit Falls 43.8%

Egypt's trade deficit decreased by 43.8% year-on-year in May.

Zohr Field Almost Ready to Begin Production

Italian Eni´s CEO, Claudio Descalzi, met with Egyptian Prime Minister Sherif Ismail on August 1st to discuss Eni’s operations to develop the Zohr field.

EGAS Gives Companies Preliminary Approval to Import Gas

The Egyptian Natural Gas Holding Company (EGAS) approved three gas-import offers based upon standards tied to the pending regulatory-overhaul legislation under consideration by the government.

Households Consume 42% of Egypt’s Electricity

Household consumption accounted for 42% of Egypt’s electricity usage during the first quarter of 2017.

Oil and Gas Employees Participate in Second Modernization Symposium

Employees of state-owned companies at the Petroleum Complex and of the Ministry of Petroleum and Mineral Resources participated in the second symposium on Egypt's modernization program.

Opportunity for further Egyptian Investment in Iraq

Iraq offered the Egyptian government the opportunity to invest in several concession areas.

Electricity Plants Increase Gas Consumption

Natural gas consumption for electricity generation increased to 27 billion cubic feet (cf) per week.

Transgaz to Send Delegation to Egypt

The Romanian Transgaz Company indicated interest in establishing a factory in Egypt.

Egypt, Romania Sign 4 MoUs

Egypt and Romania signed an economic-scientific protocol and four Memoranda of Understanding (MoU) to address agricultural and economic issues.

Diesel Consumption Decreases

Diesel consumption in Egypt fell from 1.319 million tons in May of 2016 to approximately 1.178 million tons in May 2017, a decline of 141,000 tons.

Page 336 of 459

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