The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Electricity Holding Company (EEHC) have signed a cooperation protocol targets selling 20 mobile electric generators of model “+TM2500” at capacity of 25 megawatt for each.

Prime Minister, Mostafa Madbouly, has put the cornerstone of the first petrochemical industrial complex at the Suez Canal economic zone (SCZONE) in Ain El Sukhna at a cost of $7.5 billion as a part of the Egyptian plan to meet the domestic market need of petroleum and chemical products.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that Egypt’s petroleum strategy targets expansion of refining operations noting that by 2023, several major refining projects will be completely implemented and all the petroleum products will be refined in Egypt.

The Indian Prime Minister, Shri Narendra Modi, has inaugurated the recent Propylene Derivatives Petrochemicals (PDPP) Complex at Kochi refinery in kerala governorate, built at a cost of ₹6,000 crore.

The Prime Minister, Mostafa Madbouly, met with the Ministers of Petroleum and Mineral Resources, Finance, and Tarde and Industry to review the executive situation of natural gas stations, affirming that the expansion of establishing stations for natural gas supply, recharging electric cars, and exploiting the current infrastructure of the existing fuel stations is a vital topic in light of the strategy adopted by the state to convert cars to run on natural gas.

The Egyptian President Abd El Fattah El Sisi has directed to form a full strategic vision in the aim of updating the mineral sector in Egypt to discover the hidden regions containing mineral resources.

The Egyptian Prime Minister, Moustafa Madbouly, has received two reports from the Information and Decision support Center (IDCS) presenting the repercussions of coronavirus pandemic on international as well as local Energy markets.

The Egyptian Prime Minister, Moustafa Madbouly, has announced extending a nationwide curfew for more two weeks starting from 9 April until 23 April, in line with the precautionary measurements taken by the government to combat coronavirus outbreak.

Prime Minister Moustafa Madbouly expressed the government full support to the Chilean investments in Egypt, represented in ENAP Petroleum Company.

Egypt’s economy has managed to retain a stable economic growth rate in Fiscal Year (FY) 2019/20, reaching 5.6%, despite the continued slowdown in the global growth rates.