Egypt | Egypt Oil & Gas - Part 349
Egypt to List 24% of Enppi in EGX
The Ministry of Petroleum and Mineral Resources will list 24% of the shares of Engineering for the Petroleum and Process Industries (Enppi) in the Egyptian Bourse.
BP Announces Third Gas Discovery in North Damietta
BP announced another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 meters in water depth of appr ...
Egypt Receives $1b from WB
The World Bank (WB) announced that it released $1b to Egypt as the second tranche of its $3b loan agreement signed with the Arab country in December 2015.
AMOC Chooses BNY Mellon to Run GDR Program
Alexandria Mineral Oils Company (AMOC) chose the BNY Mellon bank to run its global depositary receipt (GDR) program. It will also hire Baker and McKenzie as the legal consultant.
El Molla Chairs MIDOR General Assembly
At the general assembly of Middle East Oil Refinery (MIDOR), El Molla assured that the Ministry's plan to develop refineries is an important part of Egypt's efforts to flourish the economy, covering the local market' ...
Egypt, Russia to Finalize Nuclear Contract in 2 Months
The Egyptian government plans to finalize the two contracts with Russia regarding Al Dabaa nuclear power plant within two months.
Paper Manufacturing Division Seeks More Gas
The Paper Manufacturing Division at the Egyptian Chamber of Chemical Industries asked the Ministry of Petroleum and the Ministry of Industry to double the amount of gas pumped for paper factories without increasing p ...
Egypt Seeks EGP 6b from Stake Selling
Egyptian Minister of Finance, Amr El Garhy, stated that the North African Country plans to receive EGP 6b out of selling state-owned firms' stakes in the Egyptian Stock Exchange (EGX) during fiscal year 2017/2018
