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Gov’t to beat fuel subsidy spending targets in 2Q - gov’t source
BUDGET WATCH- Gov’t to beat fuel subsidy spending targets in 2Q -gov’t source: The government will not spend more than…
Egypt reduces natural gas production amid lower demand
The Oil Ministry has reduced Egypt’s natural gas production to 6 bcf/d, from 7 bcf/d after lower domestic and international…
CIHC to give El Nasr Steam Boilers’ land to Oil Ministry for debt repayment
The Chemicals Industries Holding Company (CIHC) will give the land at the center of the recently settled Al Kholoud dispute…
Qarun drills 10 exploratory wells in Western Desert
Qarun Petroleum, a joint venture between Apache and the Egyptian General Petroleum Company, has drilled 10 exploratory wells in the…
EMRA to end bidding system for gold exploration licenses
Egyptian Mineral Resources General Authority to end bidding system for gold exploration licenses: The Egyptian Mineral Resources General Authority (EMRA)…
Arrears owed by Egypt to IOCs fall to USD 900 mn
Arrears to IOCs fall to USD 900 mn, on track to be cleared by the end of the year: Arrears…
Is Egypt’s fuel pricing mechanism coming into effect this month?
Is Egypt’s fuel pricing mechanism coming into effect this month? Speculation is rife in the local press that the Oil…
Electricity Ministry looks for partners on geothermal energy map
The Electricity Ministry is seeking international partners and funding to create a geothermal energy map of Egypt as part of…
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