Exports | Egypt Oil & Gas - Part 5

Petroleum FDIs Record Net Outflow of $857.5M in H1 2022/23

Foreign direct investments (FDIs) in the petroleum sector recorded a decline in net outflow by $277.9 million to reach $857.5 million during the first half of fiscal year (FY) 2022/23, according to the Central Bank of...

Fitch Solutions: Egyptian Petrochemical Sector Exports Grew 45% in 2021

Fitch Solutions indicated that the Egyptian petrochemical, chemical, and cement industry exports have grown by 45%  reaching $6.7 billion by 2021 driven by natural gas growth and high prices, the Information and Decis...

Egypt Excels As a Key LNG Exporter to the EU: World Bank Report

The European Union (EU) has significantly increased its imports of liquefied natural gas (LNG) from Egypt, the United States of America, Angola, Norway and Qatar, the Middle East News Agency stated, quoting a World Ba...

GASCO’s Natural Gas Exports Increase by 33% in 2022

The Chairman of Egyptian Natural Gas Company, Yasser Salah El Din, stated that the total amount of natural gas transported through the national grid reached 72 billion cubic meters (bcm) and the natural gas exports in...

Damietta Liquefaction Plant Exports 500th LNG Shipment

The Damietta Natural Gas Liquefaction Plant has succeeded in producing and exporting the 500th cargo of liquefied natural gas (LNG) since it started operating in 2005, after an eight-year hiatus before starting again ...

El Molla: Egypt to Strengthen Cooperation with Italy to Boost LNG Exports to Europe

Minister of Petroleum and Mineral Resources Tarek El Molla said that Egypt is working on boosting cooperation with Italy to facilitate exporting liquefied natural gas (LNG) to European markets. In an interview with Bl...

PDVSA Restricts Most Oil Exports for Contract Review

In a move to avoid payment defaults, the new CEO of Venezuela’s PDVSA Pedro Rafael Tellechea stopped most oil export contracts while his team reviews them according to an internal document seen by Reuters and pe...

El Molla: Egyptian Petroleum Exports Surged to $18.2B in 2022

Minister of Petroleum and Mineral Resources Tarek El Molla stated that the past year 2022 witnessed the achievement of a record number of petroleum exports that amounted to $18.2 billion, the ministry said in a statem...

Egyptian Natural Gas Exports Hit a Record of 8M Tons in 2022

Egyptian natural gas exports surged to a record 8 million tons in 2022, compared to about 7 million tons in the previous year, the Ministry of Petroleum and Mineral Resources said in a statement about 2022 achievement...

Egypt to Launch Oil, Gas International Bid Round Before the End of 2022

Egypt plans to launch an international bid for gas and oil exploration in the Mediterranean and the Western Desert before the end of this year, Minister of Petroleum and Mineral Resources Tarek El Molla said in an int...

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