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Foreign firms to invest some USD 340 mn on oil and gas exploration
PLUS- Oil Ministry completed the drilling of the exploratory well North Lotus Deep-1 in the Western Desert
CBE cuts interest rates by 200 bps
Good morning, friends, and happy weekend. We’re being treated to cooler-than-usual weather this weekend, and to that we say: thank…
Zohr is getting a handful of new wells
PLUS- Egypt began training hundreds of Palestinians to form a new security force
USD rebounds against EGP
Good morning, friends, and happy weekend. As temperatures rise, so do our collective desires to stay in, pick up a…
Gov’t targets 3.9 GW in regional power interconnections by 2026
Work is underway on several regional interconnection projects
Apache wants to up gas production by 15%
PLUS- Egypt Gulf Elevators and Escalators plans to invest USD 30 mn in a new production line at its Obour…
Oil output drops to four-decade low in 2Q 2025
Production dropped to 513k bbl/d during the quarter
Egypt’s industry gets an efficiency boost
The new framework offers practical solutions for rationalizing and improving industrial energy efficiency
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