Also set to help on the balance of payments front: The Oil Ministry will begin test production from the Zohr natural gas field “in the coming few days,” according to a ministry statement carried by Bloomberg. “Authorities are pumping gas from the national distribution system to test pipelines in preparation for trial production from the offshore field … Output will gradually increase until mid-2018, with the first phase of the project initially yielding about 350 mcf per day,” Minister Tarek El Molla says.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
EGX30 sheds 4.43% in October to post its first back-to-back monthly loss of 2026
The benchmark fell 4.43% and the small caps twice as…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…