Egypt | Egypt Oil & Gas - Part 353

Egypt Allocates EGP 57M for Egyptian Atomic Energy Authority

Egypt allocated total EGP 57 million for the Egyptian Atomic Energy Authority (EAEA) in fiscal year 2017/2018.

Egypt to Sign Seismic Contracts for Red Sea

Egyptian oil and gas sector will sign contracts with international companies to conduct seismic survey on Red Sea within days,

OGS, Pearson, IARS Sign Contract for People Development

Minister of Petroleum, Tarek El-Molla, and British Ambassador to Egypt, John Casson, witnessed the signing of an agreement between OGS, Pearson, and IARS.

Egypt’s Gas Consumption Increases

Gas consumption of electricity generating power plants increased during July 2017 to be 4 bcf/d.

Petrojet, Samsung Sign New Contract

Petrojet signed a memorandum of understanding (MoU) with Samsung to cooperate in executing integrated projects.

Egypt Witnesses Cars Conversion to Natural Gas

Gastec witnessed a 250% increase in the number of cars conversion to natural gas instead of fuel to be 35 cars per day.

Egypt Establishes Asphalt Unit for EGP 138M

The new asphalt unit, which is being established at the Suez Oil Processing Company (SOPC), costs EGP 138 million. The unit aims to increase the company's asphalt production during 2018.

El Molla Discusses Investments with New Ambassadors

Minister of Petroleum met with Egyptian new ambassadors for foreign countries at the headquarter of the Ministry of Foreign Affairs.

Egypt to Boost Crude Oil Production

Ministry of Petroleum plans to boost daily production of crude oil and condensates to 36 million tons.

EPPC to Gather $300M from IPO

Egyptian Propylene & Polypropylene Company (EPPC) aims to collect $300 million from the initial public offering (IPO) in the first quarter of 2018.

Page 353 of 473

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