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Egypt issues tender for 20 LNG shipments, stocking up more shipments through winter
The tender is set to close on 12 September
Gold picked up yesterday after US job opening data disappointed
It’s all eyes on DC for Jobs Friday tomorrow…
TotalEnergies mulls using Egypt’s LNG facilities to re-export Cypriot gas. PLUS: Ajwa, Sheeni, Al Ahly Pharos.
Earlier in the week, Oil Minister Karim Badawi and his Cypriot counterpart Giorgos Papanastasiou discussed an energy corridor connecting Egypt…
War in Gaza and falling gas production continue to be thorns in economy’s side, says BMI report
The report estimates that foreigners hold around half of treasury bills, amounting to about 90% of FX reserves
BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
Auto distributors push for more locally-assembled vehicles to make up for import restrictions. PLUS: Somabay + Redcon, SODIC, TMG, Mass Developments, EFG Hermes, Kima
A group of companies that assemble vehicles led by GB Auto have agreed to increase their allocations to accredited distributor
Egypt’s struggles to keep the lights on amid an energy shortage is continuing to catch the attention of the int’l press
Production falls and rising domestic demand led to Egypt having to ramp up LNG imports
Commodities, tourism incentives, and subsidies were the main talking points in Madbouly’s weekly presser
The government has purchased fresh oil hedging contracts
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