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Shell inks two offshore agreements with Egypt, shifting focus to marine production
Shell has signed two new oil and gas exploration agreements with the Oil Ministry in the Herodotus Basin deepwater sector…
Damietta LNG plant ships first cargo to Europe
The first Europe-bound LNG shipment from the Damietta liquefaction plant arrived in Belgium on Sunday — almost a month after…
What the markets are doing on 18 March 2021
SUPERCYCLE WATCH- Oil prices are unlikely to surge dramatically this year despite vaccines boosting demand, with plenty of global supplies…
Also on the Radar on 18 March 2021
Egypt will spend EGP 320 mn to establish a water treatment plant in Fayoum’s New Azab, Housing Minister Assem El…
What the markets are doing on 17 March 2021
Saudi Arabia’s oil sector is facing its biggest slump in a decade, keeping the kingdom in recession in 4Q2020. Activity…
IFC, Alexbank to finance solar irrigation systems for Egyptian farmers
Egyptian farmers could collectively save up to EGP 14 bn in fuel costs by using solar-powered irrigation systems, which the…
How much will car owners pay to transition to natgas?
Here’s how much swapping your car for a natgas vehicle will set you back: Passenger car owners looking to swap…
Natgas production to fall back next year?
Egypt’s natural gas output could dip next year: Egypt anticipates natural gas production coming in at 7.2 bcf/d in FY2021-2022,…
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