Latest in Tag: Petrol Highlight
Latest in Tag: Petrol
2 new petrol, diesel complexes to serve Upper Egypt: El-Molla
The complex, worth investments of $450m, is a vital project in the ministry’s refining and industrialisation strategy as part of the sustainable development plan for Egypt’s Vision 2030. The strategy aims to secure fuel supplies both for the local market and development plans for Upper Egypt.
Egypt takes serious steps to convert petrol-run cars to natural gas
Government starts converting old cars to work on natural gas, and limits new licences for bi-fuel vehicles
Cautious drop in petrol prices due to oil market’s high volatility: Beltone
Limited impact on inflation, which remains in CBE target zone, despite expected pressures
Petrol prices could see further cut unless Covid-19 impact: source
Egypt imports 50% of its diesel and LPG needs, 25% of petrol
Egypt holds prices of petrol, diesel in quarterly reveiw
The committee also decided to keep the diesel price at EGP 6.75 per liter and hold the selling price of diesel tonnes for non-electricity and bakery uses at EGP 4250 per tonne.
BP produces 650m cubic feet from Taurus and Libra fields
BP agreement with Royal Dutch Shell will see gas produced from North Alexandria project at $0.3 per million feet, says source
Israeli envoy to discuss Egypt’s compensation of natural gas in Cairo
Talks on gas imports were suspended after the Swiss court’s decision to fine Egypt $1.7bn to compensate Israeli companies
4 public petroleum companies to be listed on EGX
IPOs of first two companies to be within Q1 of 2016
‘Our investments in Egypt are continuous and will not stop’: PepsiCo chairman
PepsiCo has injected $600m into Egypt over the past three years, of which $270m were supplied last year, and hopes that its investments will expand in the near future
Government moves to contain anger toward price increases and control markets
Prime Minister meets local development ministers, governors, and security leaders to control markets and follow up on traffic situation
Finance ministry considers modifying system for cabinet wages: Minister
Ministry of Finance plans to submit bill to amend wage system for cabinet
Scottish trade mission visits Cairo and Alexandria
The delegation is comprised of eight companies considering potential projects in the energy sector, the British embassy in Cairo says
A total of 1.3m cars registered in the smartcards project: Minister of Finance
Four hundred fuel stations are functioning with the electronic system for petrol distribution
Chairman of Valley Group Holdings: Subsidies not socially just
Subsidies harm the concept of social justice and support for the poor should be in cash.
Providing the private sector with opportunities to create jobs, develop industry and train employees will achieve social justice.
China oil giant buys into strife-hit Egypt for $3.1 bln
Chinese state-owned Sinopec will buy a one-third share in the Egyptian oil and natural gas business of US firm Apache Corp.
Dana Gas new gas discovery in Nile Delta
The Begonia-1 well is the 25th discovery in Egypt since 2007
Empty streets offer reprieve from fuel crisis
Ahead of massive opposition protests, streets in Cairo and elsewhere have cleared, offering a significant improvement in petrol station queues
Petroleum ministry denies fuel shortage
EGPC says consumption currently 10-20% above normal levels; Prime Minister Qandil blames smuggling
Misr Petroleum chairman investigated for smuggling
Egyptian state petro company faces second scandal
National Petroleum Company acquisition deal falls short
Citadel Capital and Sea Dragon Energy cancel their deal.