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New cabinet approves energy agreements, education amendments, taxation changes in first meeting
The cabinet gave preliminary approval to five new petroleum projects
Eni looks to up production with plans to drill new wells. PLUS: IBRD allocates loan to help develop railway line, Madinet Masr taps construction company to work on Sarai
Back in April, it was reported that Eni had slowed down exploration operations in Egypt
World Bank arbitration tribunal dismisses Emirati oil firm’s case against Egyptian government
The Emirati company was looking to receive an EGP 3 bn settlement from the Egyptian government
Gov’t clears USD 1.3 bn oil and gas arrears
Good morning, friends. After a hectic start to the week, the local news cycle has calmed down before the weekend.…
Fertilizer companies restart operations as gas supplies return. PLUS: Futek, Wellpal, Azimut, EdVentures, Orascom Development Egypt
The restarting of operations follows the resumption of production at Sidpec’s factory last week
Israel’s Leviathan gas field to invest up to USD 500 mn to expand production after Israeli gov’t approves bill to double gas exports
The field primarily exports to Egypt and Jordan, with exports to Egypt reaching 6.3 bcm last year
Challenges mount on Egyptian industries amid power cuts and gas shortages
Fertilizer prices are up 50% m-o-m and 110% y-o-y
New public-private consortium to launch USD 600 mn to import ethane gas
The company is set to launch before the end of June
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