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IMF hails progress in implementing Egyptian economic reform program       NBE, Banque Misr to sell stakes in New Ismailia Co       Release from Alexandria Flour Mills (AFMC.CA) Concerning the Semi-Annual Disclosure Form       Marseille Almasreia Alkhalegeya For Holding Investment (MAAL.CA) - Board of Directors Decisions (NILEX)       Bahrain got first funds from Gulf aid last year - c. bank governor       Saudi Arabia sells 7.095 bn riyals sukuk in monthly issue       Egypt postpones $6.6bn repayment to Saudi Arabia       World Bank affirms confidence in Egypts economic reform measures       NBE to increases SMEs portfolio to LE70bn in 2019       Egypt takes new steps to boost ties with Europe       European investments reach $15 bn in Egyptian market       8 investment entities get 159 feddans in Egypts new capital       Egypts Elsewedy to launch $112m projects in New Administrative Capital       Alexandria Flour Mills BoD okays 37.6% profit decline       UAEs Dana Gas plans $5bn investments in Egypt - CEO       Middle & West Delta ratifies profits of LE86 ending Dec 2018       AMOC reports profits LE278m ending Dec 2018       El Batal unveils launching two housing projects in New Cairo, 6th Oct. City       EFG Hermes Securitization The First Issue Tranche C Nov 2023 (EGHRSEC01C=CA) Declares Bond Dividends for Coupon No. (3)       EFG Hermes Securitization The First Issue Tranche A Dec 2019 (EGHRSEC01A=CA) Declares Bond Dividends for Coupon No. (3)      
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Western Desert produces 60% of Egypts crude oil: minister
Egypts Petroleum Minister Tarek el-Molla said on Wednesday that the countrys Western Desert produces about 60 percent of Egypts crude oil.
Molla made the remarks in a statement on Wednesday while chairing a general assembly meeting of Agiba Petroleum Company to review its 2019/2020 financial year budget plan.
The minister urged foreign firms to invest in the Western Desert as he expects more discoveries to be unearthed in this area, citing recent findings.
Agiba Petroleum Company chairman Essam Qaffas has said the company plans to produce about 46,000 barrels of crude oil and 19 million cubic feet of natural gas daily in the coming financial year.



Time Added: 2019-01-10 13:12:29
Source: arabfinance
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