Latest in Tag: petroleum Highlight
Latest in Tag: petroleum
Minister of Petroleum heads Egyptian delegation to Francophone Summit in Tunisia
On the sidelines of the opening session of the summit, Tarek El Molla met with Tunisian President Kais Saied, in the presence of Egypt’s ambassador to Tunisia, Ihab Fahmy, where the Minister of Petroleum and Mineral Resources conveyed a message of greetings from President Abdel Fattah Al-Sisi and Egypt’s full support for the reforms in Tunisia. El-Molla expressed his appreciation for the warm reception and hospitality enjoyed by the Egyptian delegation since its arrival in the sisterly land of Tunisia.
Environment, Petroleum Ministers discuss preparations for COP 27Â
Egypt to hold COP 27 in Sharm El-Shiekh next November
Egypt sees EGP 1.2trn investments in petroleum sector over last 7 years: El-Molla
El-Molla made this statement during his speech on Monday, which was delivered on his behalf by Magdy Galal, Chairperson of the Egyptian Natural Gas Holding Company (EGAS), during the opening session of the Fifth Al-Ahram Energy Conference entitled.
Egypt’s development cooperation portfolio in petroleum sector records $1.12bn
Oil, gas sector contributes 24% to Egypt’s GDP during FY 2019/20
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
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
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
Electricity Ministry pays EGP 33bn of debt to Petroleum Ministry
Finance Ministry increases EEHC capital by EGP 2.7bn
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.
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
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 …
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 …
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 …
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 …
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 …
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
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
Studies to set standards for tourist, petroleum entities subject to tax
Ministers of Finance, Tourism, and Petroleum to sign the standards
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
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
Egyptian petroleum exports decline as imports increase
The Egyptian petroleum exports decreased by 40.7% last June
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
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
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
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
5 oil, gas agreements signed between Egypt, Italy
Expansion in ASORC and MIDOR projects totals $3.5bn
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
Petroleum companies listed before fiscal year-end
MOPCO has already listed in Egyptian ExchangeÂ
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
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