Petroleum Products | Egypt Oil & Gas - Part 10

MoP to Deliver Natural Gas to 1 MM Households in FY 2020/21

The Minister of Petroleum and Mineral Resources Tarek El Molla stated that the ministry aims to deliver natural gas to one million households in fiscal year (FY) 2020/21, according to the Cabinet. In a meeting with Pr...

Misr Petroleum, Copetrole Issue Modern Certificates for Tankers

Misr Petroleum and Co-operation Petroleum (Copetrole) has issued new calibration certificates for new tankers with a modernized and more secure model, according to the General Trade Union for Petroleum Workers (GTUPW)...

Petroleum Exports Amount to $2.652 B in Q2 2019/20

Egypt’s total exports of fuel, mineral oils, and their products have amounted to about $2.652 billion in  Q2 2019/20, according to the Central Bank of Egypt (CBE).  CBE has reported a decline in Egyptian exports...

Egypt Oil Imports Increase by 135.2% in February 2020

Egypt’s Crude oil imports have increased by 135.2% in February 2020, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). Egypt’s imports of all products have decreased by 29.9%...

House of Representatives Approves Additional Fees for Gasoline

The House of Representatives has approved proposed fees on gasoline and its derivatives, Al-Ahram reported. The Ministry of Finance had submitted a draft earlier to the House of Representatives, amending some provisio...

Egypt Cuts Gasoline Prices by EGP 0.25/liter

Egypt’s Fuel Automaitc Pricing Committee announced that all types of gasoline will be cut by about 25 piasters per liter, effective as of April 11, according to a press release. After the reduction, the price of...

El Molla Reviews Plans to Ensure Availability of Petroleum Products in Local Market

The Minister of Petroleum and Mineral Resources, Tarek El Molla, affirmed the availability of petroleum products across the local market and that there is a strategic plan in the works to cover the domestic marketR...

Ethydco To Establish Ploybutadiene Project Worth $180 Million

The CEO of Ethydco Company, Abdel Mageed Heagazy, said that his company is planning to establish the first project in Egypt to produce polybutadiene with investment costs $180 million, according to a press release. He...

The Cabinet Invalidates New Fuel Prices

Hamdy Abdel Aziz, Spokesperson for the Ministry of Petroleum and Mineral Resources, invalidated the fuel prices shared on social media as of April 1, according to the Cabinet. The automatic pricing committee which fol...

CBE Announces Balance of Payments for H1 2019/20

Egypt’s balance of payments ran an overall surplus of $410.9 million in H1 2019/20 compared to an overall deficit of $1.8 billion in the same period in FY 2018/19, according to the Central Bank of Egypt (CBE). Despite...

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