Shell Oman, Al Tasnim Ink Cooperation Agreement
Shell Oman Marketing Company and Al Tasnim Group inked a strategic agreement for selling and supplying petroleum products.
Petroleum Products | Egypt Oil & Gas - Part 9
Raven Gas Field to Produce Up To 900 mcf/d
The petroleum sector initiates the production in Raven Gas Field in North Alexandria concession next September, with an estimated maximum gas production capacity between 850 and 900 million cubic feet per day (cf/ ...
Fuel Consumption Decreases by 5% in July
Fuel consumption declined by 5% during July, following the introduction of the automatic fuel pricing mechanism.
Egypt Allocates New Properties for EGPC
President Abdel Fattah El Sisi issued decree number 338 on August 1.
Qalaa Holdings Explains Reduced Stake in ERC
Qalaa Holdings has confirmed in a market statement that its stake in the Egyptian Refining Company (ERC) has decreased to 13.14% because other shareholders have underwritten additional equity.
Petroleum Products Exports’ Value Jumps by 231% in April
The value of petroleum products exports hiked by 231.1% and crude oil by 35%, increasing the value of the total exports by 0.5% to reach $2.58 billion in April 2019.
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.
Petroleum Products’ Subsidies Backs Economic Reform Program
The new petroleum products’ subsidies come in line with Egypt’s economic program, which aims to boost the sector.
Petroleum Arrows Controls 23% of Product Transportation
Petroleum Arrows' market share in petroleum products transportation across Egyptian governorates stands at 23%, with a rate of about 8.5 million liters per day.
Egypt’s Biggest Budget Sees EGP 52.9 B Petroleum Subsidies
Petroleum product subsidies have been decreased by nearly 40% to EGP 52.9 billion in the public budget for fiscal year 2019/2020.
