Members of the Industry and Energy Committee of the House of Representatives have called on the government to link the prices of gas pumped to the industrial sector with international gas prices, in order to motivate them to produce and enable them (...)
A government source estimated Egypt's consumption of petroleum products and natural gas at 92.4m tonnes in the fiscal year (FY) 2019/20, compared to 89.7m tonnes in FY 2018/19.
Egypt's consumption of natural gas rose from 48m tonnes in FY 2018/19 to (...)
The Ministry of Petroleum aims to increase the revenues of Egypt's oil exports by the end of the current fiscal year (FY) to $8.5bn compared to $7.7bn FY 2018/19.
Senior government sources told Daily News Egypt that the total quantities targeted for (...)
The Ministry of Petroleum and Mineral Resources aims to produce of 40.17m tonnes of oil and condensates during the current fiscal year (FY) 2019/20, compared to 38.7m tonnes last FY, a growth of 3.8%.
A government source told Daily News Egypt that (...)
Government sources estimated investments directed to the oil and natural gas sector during the current fiscal year (FY) 2019/20 at $10.633bn, a growth of 15% compared to FY 2018/19.
The sources told Daily News Egypt that the investments of foreign (...)
The Ministry of Petroleum and Mineral Resources aims to increase the total mineral sales by about 2% during the fiscal year FY 2019/20, through increasing the production of mining and quarrying materials from different concession areas.
A government (...)
The Egyptian General Petroleum Corporation (EGPC) is expected to achieve a net profit of EGP 21.4bn during the current fiscal year (FY) 2019/20, down EGP 6.4bn (30%) from FY 2018/19, according to official sources.
The share of EGPC net profit of the (...)
The Egyptian Ministry of Petroleum aims to export 12m tonnes of natural gas during the fiscal year (FY) 2019/20 worth $2bn against $580m during the current FY, according to government sources.
A source at Egyptian Natural Gas Holding Company (EGAS) (...)
Parliamentary sources said that the Energy Committee intends to call on the Ministry of Petroleum to review the agreement with Aramco to find out why the petroleum shipment supplied to Egypt was suspended in October.
The sources added that they (...)