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Insider tracking of global oil supplies is information worth paying for. Predicting changes in the availability and price of oil can be extremely lucrative, and geospatial analytics company Orbital Insightis leading the field in capturing and selling data that can then be sold to hedge funds, energy companies and others looking to anticipate oil price […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt supports the right of Kurds to fight Turkish invasion of Syria -Shoukry
Egypt supports the right of Kurds to fight Turkish invasion of Syria -Shoukry: Egypt considers the Turkish incursion into northern Syria an occupation and called Kurdish resistance efforts a “legitimate right in self-defense,” Foreign Minister Sameh Shoukry told the Syrian Democratic Council ahead of an emergency Arab League meeting in Cairo yesterday, a ministry statement […]
Posted inDiplomacy + Foreign Trade
EAEU to build joint infrastructure in Russian Industrial Zone
The Eurasian Economic Union (EAEU) will build joint infrastructure in Egypt’s Russian Industrial Zone, the organization’s Industrial Policy Council decided last week, according to Belarusian news agency BelTA. This will be the union’s first large-scale joint project in a third country. The time frame of the project, which was announced during the Big Industrial Week […]
Posted inEnergy
ADES wins second deepwater drilling contract in Egypt
ADES SAE has signed a second deepwater drilling contract in Egypt’s Mediterranean waters with an unnamed international oil company, the company said in a statement. Advantage, a joint venture between ADES and Vantage Drilling International, will drill the Nigma 1 well over 73 days on a profit-sharing basis. The company signed a deepwater drilling contract […]
Posted inEnergy
Egypt targets 700k bpd of crude oil and condensates in FY 2019-2020 -El Molla
Egypt aims to produce 700k bpd of crude oil and condensates in FY 2019-2020, Tarek El Molla said in a meeting with industry players on Friday, according to a ministry statement (pdf).
Posted inEnergy
Idku natgas exports reduced by 80% since August -source
Natural gas exports from Shell’s Idku terminal have been reduced by 80% since August due to low global prices and oversupply, an oil industry source told the local press. The terminal is currently exporting 100 mcf/d, down from around 500 mcf/d in August. Exports fell from 600 mcf/d in July due to rising domestic consumption, […]
Posted inManufacturing
Rosatom considers establishing factories in Egypt to produce Dabaa components
Rosatom is considering establishing factories with Egyptian companies to manufacture components for the Dabaa nuclear plant, company sources have said, according to Al Mal. Rosatom subsidiary Atomstroyexport (ASE) has reportedly visited a number of factories and businesses in Egypt to assess whether local firms have the capacity to produce the required components. ASE’s Egypt director […]
Posted inReal Estate + Housing
NUCA to begin Warraq Island development in 1H 2020
The New Urban Communities Authority (NUCA) will begin the first phase of the Warraq Island development in 1H 2020, Al Shorouk reports. The authority will spend more than EGP 1 bn constructing 10k housing units and other infrastructure during the initial phase. NUCA last week purchased 300 feddans on the island and remains in negotiations […]
Posted inTourism
Zahi Hawass discovers industrial area from Ancient Egypt in Luxor
Zahi Hawass (aka Egypt’s Indiana Jones) has uncovered an ancient industrial area complete with 30 workshops in Luxor’s Valley of the Monkeys, according to an Antiquities Ministry statement. A tomb was also discovered in the Valley of the Kings containing the tools used in making tombs. Hawass and his team have been working on the […]
Posted inTourism
Flights to Sharm El Sheikh from France, Sweden resumed
Direct flights between Stockholm and Sharm El Sheikh have resumed after being suspended for more than eight years, with the first flight from the Swedish capital landing in the Red Sea resort on Thursday, according to Al Shorouk. Direct flights from France are also set to resume in a week or so, according to Samir […]