IMF | Egypt Oil & Gas
IMF Notes Egypt’s Arrears Settlement Gains, Stresses Effort to Boost EGPC Inflows
The full settlement of arrears owed to international oil companies, together with higher domestic fuel prices, is expected to support Egypt’s oil and gas production, improve the Egyptian General Petroleum Corpor...
IMF, WTO, World Bank, IEA Flag Rising Energy Risks From Middle East War
The heads of the International Monetary Fund (IMF), World Bank Group (WBG), World Trade Organization (WTO), and International Energy Agency (IEA) have warned that the US-Israeli war on Iran is generating substantial a...
Egypt Revises Renewable Energy Target to 29.7%: IMF
The Egyptian government revised its target for renewable energy contribution to power generation to 29.7 % by 2030 , according to the International Monetary Fund (IMF) report on the fourth review of the $8bn loan. Th...
Egypt Ramps Up Methane Emission Controls in Oil, Gas Sector: IMF
The Ministry of Petroleum and Mineral Resources is set to implement a monitoring, reporting, and verification (MRV) system to regularly track flaring, fugitive methane, and vented methane emissions at the operator or ...
El Molla Highlights Oil, Gas Achievements During BEBA Webinar
Minister of Petroleum and Mineral Resources Tarek El Molla highlighted during a webinar organized by the British Egyptian Business Association (BEBA) how economic reform along with the support of President AbdelFatah...
Angola Plans to Disassemble NOC Sonangol
Angola plans to start partial disposal of national oil company (NOC) Sonangol by the end of 2021 or early 2022, finance minister, Vera Daves de Sousa, has announced, according to Bloomberg. This sudden desire to sell ...
Iraqi Oil Production Remains Unaffected Amid Turmoil
The International Monetary Fund (IMF) has declared Iraq’s oil production and oil fields unaffected from the nationwide protests, according to the National. “We are concerned with the violence and loss of l...
El Sisi Affirms Sector’s Natural Gas Self-Sufficiency
The oil and gas sector has succeeded in terms of self-sufficiency, manufacturing and exporting, President Abdel Fattah El Sisi said during the “Ask the President” session, as part of the National Youth Conference held...
