Ministry of Petroleum | Egypt Oil & Gas - Part 14
Egypt to Stop Energy Allocations in 5 Years
Egypt lift fuel subsidies over 5 years to reach zero allocations in the Egyptian budget. The allocations will be used for other fields, such as education and health.
Egypt, Siemens Establish JV to Boost Oil Output
The Egyptian Electricity Holding and the Egyptian Maintenance Company for Petroleum Services will establish a joint venture with Germany's Siemens to increase oil production through boosting the number of generators ...
Ministry of Petroleum Arrears Down by $2.8b
El Molla said that the ministry has successfully reduced its arrears for the IOCs with $2.8b in the last three years.
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
Egypt to Establish New Polypropylene Factory
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.
Natural Gas Pumping Saves $350m/m
Egyptian Presidency urged the delivery of natural gas to households across the governorates to replace butane consumption.
Egypt to Announce Huge Gas Field Discovery
Egypt will announce a new gas discovery in Nile Delta that will compete with the giant Zohr offshore field.
Egypt to Reschedule Factories’ Petroleum Dues
The Egyptian Natural Gas Holding Company (EGAS) will hold a meeting with factories with late dues in order to reschedule payments.
