Industry Dynamics

Egypt plans to increase its natural gas production by approximately 30 percent, targeting 6 billion cubic feet per day by the end of 2025, up from the current 4.6 billion cubic feet per day, a government official told Asharq Bloomberg.

The CIF price; stands for cost, insurance, freight is the price of goods at the border of the importing country. The 2023/24 season was marked by a 25% drop in cocoa production in West Africa, Ivorian agriculture minister Kobenan Kouassi Adjoumani said.

Falcon Energy Materials announced on Monday signing a partnership with Hensen Graphite & Carbon Cooperate to jointly “develop an anode plant in Morocco.” The anode plant will specialize in producing coated spherical purified graphite, also known as CSPG.

The Khalda Petroleum Company, a subsidiary of Apache, has made a significant oil discovery in the West veops-1 region within the Khalabsha Development Area of the Western Desert, according to a statement released by the Ministry of Petroleum and Mineral Resources.

The Safi seawater desalination plant, managed by the OCP Group, is set to play a crucial role in alleviating Safi's water crisis, a situation worsened by prolonged droughts impacting the Oum Er Rbia basin. 

The increase in chemical exports was driven by strong demand from international markets; Turkey led as the top importer with $595.94 million in imports, followed by Italy at $368.95 million, Spain at $221.87 million, Saudi Arabia at $210.72 million, France at $206.06 million, and...

Egypt is set to initiate a new global tender for natural gas exploration across a minimum of 10 regions in the Mediterranean Sea and the Nile Delta waters, as disclosed by a government official to Asharq Bloomberg. 

In May 2024, Egypt experienced a decrease in durable consumer goods imports, with a drop of $7.8 million to $298.1 million from $305.9 million in May 2023, as per data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Minister of Electricity and Renewable Energy, Mahmoud Esmat, convened a meeting with the heads of electricity distribution companies throughout Egypt. The purpose of the meeting was to underscore the significance of enhancing services provided to citizens and ensuring a consisten...