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
The Egyptian Ministry of Electricity and Renewable Energy estimated the amount of oil and gas it will need during summer 2017 at 4.1bcf/d of gas, 23,000 tons/d of mazut, and 3,000 tons/d of diesel.
The European Bank for Reconstruction and Development (EBRD) along with the European Union (EU) and the French Agency will offer loans for Egypt to increase energy efficiency projects.
The Egyptian Ministry of Petroleum and Mineral Resources, along with the ECHEM and Sidpec, plans to establish a new polypropylene factory in Sidpec's headquarter in Alexandria.
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Shell Country Chairman, Gasser Hanter, to discuss the company's plans for Egypt.
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla reviewed the plans to increase crude oil and natural gas local production and assured that Aramco cargos are to proceed.