Latest in Tag: petroleum
4-dimensional plan announced to tackle Assiut oil leak
EGP 10bn sovereign fund ready for investment in H2 of FY 2015/2016: Planning minister
Egypt’s development cooperation portfolio in petroleum sector records $1.12bn
Oil, gas sector contributes 24% to Egypt’s GDP during FY 2019/20
Daily News Egypt
May 9, 2021
Egypt’s Petroleum Minister, BP discuss joint business, international oil prices
BP’s Dev Sanyal affirmed company’s confidence in Egypt’s investment-attracting climate
Shaimaa Al-Aees
February 16, 2021
Parliament to discuss 12 new petroleum agreements worth $1bn: El Molla
Making Cairo EMGF’s headquarters is a strong start for increasing international petroleum services activities, says El Molla
Daily News Egypt
June 21, 2020
Egypt has excellent investment opportunities in all stages of petroleum industry: El-Molla
We adopt advanced mechanisms face oil prices fluctuations, says Minister of Petroleum
Daily News Egypt
September 11, 2019
Electricity Ministry pays EGP 33bn of debt to Petroleum Ministry
Finance Ministry increases EEHC capital by EGP 2.7bn
Mohamed Farag
June 23, 2019
El-Molla discusses investment expansion with Total, Axens CEOs in Paris
“The opportunities in the field of natural gas in Egypt are the most attractive in the world, and they reflect the increasing investor confidence in the Egyptian economy,” Boyan added.
Mohamed Samir
June 14, 2019
Petroleum Ministry aims to develop 11 gas projects with $18bn investments until 2023
New gas discoveries will contribute to connecting 2bn scf/day to national grid, says source
Mohamed Adel
June 12, 2019
Fuel subsidies hurt industry, Egyptians alike: head of Petroleum, Mining Industries Chamber at FEI
For the Federation of Egyptian Industries (FEI), considering fuel subsidies was a significant step toward genuine economic reform which began with the floatation of the Egyptian pound, putting Egypt on the threshold of the required economic growth. The head of Petroleum and Mining Industries Chamber at the FEI, Tamer Abo Bakr, informed Daily News Egypt …
Daily News Egypt
January 20, 2019
USTDA, EPM sign $7bn agreement to produce petroleum derivatives
The US Trade and Development Agency (USTDA) and Enjaz Project Management (EPM) signed a memorandum of understanding (MoU) to establish a project for producing petroleum derivatives used in various industries on 2.5m sqm in the Suez Canal Economic Zone, at a cost of $7bn. On the sidelines of the American Chamber of Commerce conference on …
Nevine Kamel
October 25, 2018
Egypt’s debt in both petroleum, electricity sectors amount to over EGP 900bn: El-Garhy
Egypt’s Finance Minister Amr El-Garhy, said that the debt in both the petroleum and electricity sectors in the country have exceeded EGP 900bn, during a press conference on the sidelines of a weekly cabinet meeting on Wednesday. El-Garhy said that this situation cannot continue, especially with the challenging news that face the world, including the …
Nehal Samir
June 7, 2018
The illusion of subsidising—Part II
I have many friends who once belonged to the middle class. They did not need state subsidies because they were able to live and afford education, healthcare, transportation, etc. for their children. However, the government’s decisions came against the wish of the people. Those friends turned from belonging to a “saving” class into classes that …
Emad El-Sayed
January 8, 2017
13.9% increase in value of Egyptian imports from East Asian countries in 2015
The Central Agency for Public Mobilization and Statistics (CAPMAS) recently issued its annual bulletin of trade exchange between Egypt and East Asian countries for 2015, including export and import statistics from Malaysia, China, India, Japan, Indonesia, Pakistan and South Korea The total value of imports from East Asian countries reached EGP 151.6bn in 2015 versus …
Hossam Mounir
November 27, 2016
Joint ministerial committees to discuss taxes, subsidies, indebtedness auditing: Kouchouk
Decline in world oil prices saved EGP 27bn worth of fuel subsidies in last year’s budget
Ahmed Farahat
August 17, 2016
Tender awarded to supply Egypt’s petroleum needs for January: Petroleum Minister
A tender was held by the EGPC to select the company, pending negotiations with Saudi Arabia to supply requirements for next five years
Mohamed Adel
December 28, 2015
Studies to set standards for tourist, petroleum entities subject to tax
Ministers of Finance, Tourism, and Petroleum to sign the standards
Daily News Egypt
December 26, 2015
EGPC presents monthly petroleum needs to International Cooperation Ministry
King of Saudi Arabia orders increase of investment and securing Egypt’s needs of petroleum for five years
Mohamed Adel
December 16, 2015
Egypt Petroleum Ministry to appeal Swiss court decision on compensating Israeli companies
The ministry, EGAS were ordered to compensate two Israeli companies USD 1.7bn
Menan Khater
December 6, 2015
Egyptian petroleum exports decline as imports increase
The Egyptian petroleum exports decreased by 40.7% last June
Daily News Egypt
October 3, 2015
EGP 10bn sovereign fund ready for investment in H2 of FY 2015/2016: Planning minister
Egypt will sign agreement with Saudi Fund for Development to provide fuel and natural gas credit facilities, says El-Araby
Doaa Farid
September 8, 2015
4-dimensional plan announced to tackle Assiut oil leak
Highly flammable Mazut oil leaked from the cool water unit of Al-the Hamra electricity station in Assiut on Friday, causing 10 water stations to close
Daily News Egypt
August 30, 2015
Petrochemical projects studies being prepared within new Suez Canal Axis Development plan: Petroleum Ministry
“We are participating in implementation of two tunnels, for cars and trains, under canal north of Ismailia,” says Ismail
Mohamed Adel
August 5, 2015
Petroleum Ministry to supply 1.2m residential units with natural gas this FY
Natural gas delivered to approximately 6.9m residential units from programme’s start until end of FY 2014/2015
Daily News Egypt
July 27, 2015
5 oil, gas agreements signed between Egypt, Italy
Expansion in ASORC and MIDOR projects totals $3.5bn
Sara Aggour
July 25, 2015
Dana Gas to discuss collecting receivables in Egypt this week
Board of directors’ meeting will discuss company’s 2015 mid-year budget and Q1 financial statements
Doaa Farid
June 21, 2015
Petroleum companies listed before fiscal year-end
MOPCO has already listed in Egyptian Exchange 
Sara Aggour
June 9, 2015
Petroleum ministry to provide 135m cubic metres of gas daily in summer: EGAS
Approximately 83.5m cubic metres of gas, 24,000 tonnes of fuel oil and 8,000 tonnes of diesel provided daily to power stations
Mohamed Adel
June 3, 2015
Crescent Petroleum targets entering oil drilling operations in Egypt: Al-Qadi
Egyptian government did not breach agreement with Emirati companies in Egypt, says company’s president
Mohamed Adel
May 26, 2015
Projects worth $10bn to be proposed in petroleum sector: Sherif Sousa
Sousa mentioned that some mining projects are now under construction, and that they work on creating the suitable atmosphere to attract more investments in the energy sector through a complete plan.
Daily News Egypt
May 26, 2015
EGAS workers strike over ‘discrimination’
Strikers to meet Petroleum Minister, seeking unified regulations
Mahmoud Mostafa
April 18, 2015
January trade deficit down by 20.7% year-on-year
Imports stood at EGP 31.47bn during January, 21.2% less than the EGP 39.97bn recorded a year earlier, according to CAPMAS
Dahlia Kholaif
April 13, 2015

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