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Petroleum Products

Egypt’s New Industrial Incentives: How Advantageous Can They Prove to be?

A look at the recently announced package of incentives targeting industrial projects

SDX Energy to exit Egypt through asset sale to focus on Moroccan expansion

According to SDX Energy’s release, the sale will enable it to “optimize its asset portfolio and concentrate on expanding its presence in Morocco's energy transition sector.”

Petroleum Ministry aims to increase mining sector’s GDP contribution to 5%

El Molla announced that the ministry is set to launch a series of tenders in the current quarter of the year, encompassing precious and base metals, phosphates, sulfur, and potash

Trade deficit jumps 23.8% in April, driven by decline in gas exports | CAPMAS

Primarily driven by a decline in natural and liquefied gas exports, which fell by 75.6%, Egypt’s exports were down 44.9% to record $3.03 billion in April year-on-year from April 2022’s registered $5.5 billion

Egypt plans to initiate new oil and petrochemicals projects | PetrolMinistry

According to an official statement, the ministry highlighted the implementation of oil refining projects in Alexandria, Assiut, and Suez, with an estimated investment of $7.50 billion