Egypt Introduces New Fuel Pricing Indexation Mechanism
Egypt will start applying the new fuel pricing indexation mechanism to all petroleum products starting from Q4 2019.
Ministry of Petroleum | Egypt Oil & Gas - Part 8
Government Closely Monitoring Fuel Market
Operations rooms at the Ministry of Petroleum and the Cabinet's Information and Decision Support Center (IDSC) are closely following fuel distribution and transportation prices.
Egypt Announces New Fuel Prices
The Egyptian Cabinet announced the new fuel prices on July 5, increasing prices by around 25% after subsidy cuts.
Egypt to Export 2 bcf/d of Natural Gas by End of 2019
The Egyptian government is working on exporting around 2 billion cubic feet per day (bcf/d) of natural gas by the end of 2019, according to the Minister of Petroleum, Tarek El Molla.
ITFC Provides $8 B to Petroleum Sector Since 2008
The petroleum sector’s dealings with the International Islamic Trade Finance Corporation (ITFC) have reached $8 billion over the last decade.
Egypt to Hedge Oil Prices in FY 2019/20
Egypt plans to apply an oil hedging mechanism in fiscal year (FY) 2019/20 that starts in July after its efforts to lock-in oil prices in the FY 2018/19.
Egypt Adds 3.9 MM Households to Natural Gas Grid in 5 Years
The Ministry of Petroleum and Mineral Resources has announced linking around 3.9 million households, 7,801 commercial units, and 266 factories to the national natural gas grid during the past five years.
El Sisi Follows Up on Gas Exploration Activities
President Abdel Fattah El Sisi held a meeting on June 23 to follow up on some of the petroleum sector major projects, especially exploration and production in natural gas and oil fields, as well as delivering natu ...
Enppi Wins Saudi Contract Worth $500MM
Enppi has won a major international bid for the implementation of a new petrochemical project in Saudi Arabia with more than $500 million.
Ministry of Petroleum to Implement 11 New Projects
The total investments of these projects will reach $15 billion by H2 of 2022.
