2018, May, 21, 10:35:00IMF: EGYPT'S GROWTH UP
IMF - “Egypt’s growth has continued to accelerate during 2017/18, rising to 5.2 percent in the first half of the year from 4.2 percent in 2016/17. The current account deficit has also declined sharply, reflecting the recovery in tourism and strong growth in remittances, while improved investor confidence has continued to support portfolio inflows. In addition, gross international reserves rose to $44 billion by end-April, equal to 7 months of imports.
2018, April, 25, 09:45:00EGYPT NEED INVESTMENT $10 BLN
REUTERS - Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said
2018, March, 30, 11:15:00U.S. - ARAMCO COOPERATION: $10 BLN
SAUDI ARAMCO - Saudi Aramco announces commercial cooperation worth over $10 billion with 14 American companies during Saudi-US CEOs forum in New York
2018, March, 4, 10:45:00TOTAL BUYS IN LIBYA
REUTERS - French energy company Total (TOTF.PA) substantially raised its presence in Libya with the purchase of a 16.33 percent stake in Libya’s Waha concessions from U.S. Marathon Oil (MRO.N) for $450 million on Friday.
2018, February, 14, 09:40:00BP STARTS IN EGYPT
BP announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate.
2018, February, 2, 12:08:00ZOHR INCREASES OUTPUT
BLOOMBERG - Zohr, the largest undersea gas discovery in the Mediterranean, will pump 1.7 billion cubic feet per day before the end of 2018, el-Molla said in a televised ceremony to inaugurate the field. Egypt is talking with Rome-based Eni to increase output to reach the 2019 production target this year instead, he said.
2018, January, 24, 11:50:00EGYPTIAN MACROECONOMIC TURNAROUND
IMF - “This macroeconomic turnaround at home and the supportive global economic environment provide a unique opportunity to carry the reform momentum into areas that have historically been hard to tackle. Deep and lasting structural reforms are needed to create jobs as speedily as needed for Egypt’s growing population,” said Subir Lall, head of the IMF team for Egypt.
2017, December, 25, 20:35:00SUDANESE - RUSSIAN NUCLEAR
ROSATOM - Khartoum, 21 December – Rusatom Overseas (a company of ROSATOM) and the Ministry of Water Resources, Irrigation and Electricity of the Republic of the Sudan signed an agreement on the development of NPP construction project in Sudan.
2017, December, 20, 19:20:00BP: ZOHR HAS STARTED
BP - BP confirmed that production has started from the super-giant Zohr gas field, offshore Egypt. The field is operated by Eni, through its joint venture with The Egyptian General Petroleum Corporation (EGPC), and is the largest natural gas discovery yet to be made in the Mediterranean Sea.
2017, December, 13, 12:25:00RUSSIAN - EGYPTIAN NUCLEAR
ROSATOM - Cairo, Egypt - On December 11, 2017, Director General of ROSATOM Alexey Likhachev and Egypt’s Minister of Electricity And Renewable Energy Mohamed Shaker signed the Notices to proceed the contracts for the construction of the El Dabaa nuclear power plant.
2017, December, 13, 12:10:00SIEMENS BUILDS FOR LIBYA
PENNENERGY - Germany's Siemens says it has signed contracts worth some 700 million euros ($824 million) to build two gas-powered electricity plants in Libya.
2017, December, 11, 10:05:00EGYPT'S ZOHR WILL COME
Gas from Zohr will also help ease pressure on the economy of the most populous Arab nation, which has been plagued by a shortage of foreign currency since a 2011 uprising. Zohr, which Eni discovered in August 2015, has an estimated reserve of about 850 billion cubic meters of natural gas in place.
2017, December, 8, 17:10:00LIBYA - OPEC AGREEMENT
BLOOMBERG - With a fragile political accord barely holding the country together, Libya faces an array of challenges preventing its return to the output levels of about 1.6 million barrels a day pumped before the 2011 uprising against Muammar Qaddafi.
2017, December, 6, 12:20:00LIBYA - OPEC DEAL
BLOOMBERG - Libya, which has been stepping up efforts to boost oil output, will maintain its current production level until the end of next year to stay in line with OPEC’s agreement to trim global supplies.
2017, October, 13, 12:35:00ROSNEFT - ENI GAS DEAL
Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A.