Latest in Highlight
The complex, worth investments of $450m, is a vital project in the ministry’s refining and industrialisation strategy as part of the sustainable development plan for Egypt’s Vision 2030. The strategy aims to secure fuel supplies both for the local market and development plans for Upper Egypt.
Government starts converting old cars to work on natural gas, and limits new licences for bi-fuel vehicles
Limited impact on inflation, which remains in CBE target zone, despite expected pressures
Egypt imports 50% of its diesel and LPG needs, 25% of petrol
The committee also decided to keep the diesel price at EGP 6.75 per liter and hold the selling price of diesel tonnes for non-electricity and bakery uses at EGP 4250 per tonne.
BP agreement with Royal Dutch Shell will see gas produced from North Alexandria project at $0.3 per million feet, says source
Talks on gas imports were suspended after the Swiss court’s decision to fine Egypt $1.7bn to compensate Israeli companies
IPOs of first two companies to be within Q1 of 2016
PepsiCo has injected $600m into Egypt over the past three years, of which $270m were supplied last year, and hopes that its investments will expand in the near future
Prime Minister meets local development ministers, governors, and security leaders to control markets and follow up on traffic situation
Ministry of Finance plans to submit bill to amend wage system for cabinet
The delegation is comprised of eight companies considering potential projects in the energy sector, the British embassy in Cairo says
Four hundred fuel stations are functioning with the electronic system for petrol distribution
Subsidies harm the concept of social justice and support for the poor should be in cash.
Providing the private sector with opportunities to create jobs, develop industry and train employees will achieve social justice.
Chinese state-owned Sinopec will buy a one-third share in the Egyptian oil and natural gas business of US firm Apache Corp.
The Begonia-1 well is the 25th discovery in Egypt since 2007
Ahead of massive opposition protests, streets in Cairo and elsewhere have cleared, offering a significant improvement in petrol station queues
EGPC says consumption currently 10-20% above normal levels; Prime Minister Qandil blames smuggling
Egyptian state petro company faces second scandal
Citadel Capital and Sea Dragon Energy cancel their deal.