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Your top 5 infrastructure stories of the week
Your top infrastructure news of the week: Damietta LNG plant agreement collapses: An agreement to reopen the Damietta LNG plant…
Oil rigs stuck in limbo in the North Sea — a symbol of the global economy?
Oil rigs stuck in limbo in the North Sea — a symbol of the global economy? Ok, so these aren’t…
Earnings watch: Maridive & Oil Services net profits drops to USD 2.6 mn
EARNINGS WATCH- Maridive & Oil Services’ net profits dropped 81% y-o-y in 2019 to USD 2.6 mn from USD 14…
Breakdown in Naturgy, Eni and EGPC Damietta dispute resolution
DISPUTE WATCH- The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement…
Egypt nearly halves fuel subsidy spending in 2020-2021 budget
FinMin nearly halves projected fuel subsidy spending in 2020-2021 budget: The Finance Ministry is allocating EGP 28.1 bn to subsidies…
Pharos pulls out of consortium bidding for Shell’s Egypt assets
Pharos Energy bails on consortium eyeing Shell Egypt assets: Pharos Energy has withdrawn from a consortium in the running to…
What we’re tracking on 16 April 2020
It’s a relatively quiet news day in Egypt as we slide into a holiday long weekend. Banks and the EGX…
Gov’t cuts Egypt’s fuel prices EGP 0.25 across the board
The government’s fuel pricing committee has cut the price of all fuel grades by EGP 0.25 per liter and has…
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