GUPCO boosts crude production to 71,250 barrels per day
Gulf of Suez Petroleum Company has raised its crude oil production to 71,250 barrels per day, its highest level since July 2019. The increase reflects the impact of the Ministry of Petroleum and Mineral Resources’ efforts to settle overdue payments to international partners and restore production levels. The measures are part of a broader strategy […]
Egypt begins drafting post-IMF national economic program
Prime Minister Mostafa Madbouly chaired a meeting to outline an implementation plan for President Abdel Fattah El-Sisi’s directives to develop a national economic program for the period following the completion of Egypt’s reform program with the International Monetary Fund. Madbouly said the meeting was part of a series of discussions aimed at translating the […]
Alexandria Port, Montenegro sign port cooperation agreement
Prime Minister Mostafa Madbouly witnessed the signing of a memorandum of understanding between the Alexandria Port Authority and the Montenegro Ports Authority during the official visit of Montenegro’s President Jakov Milatović to Egypt. The agreement, signed by Alexandria Port Authority Chairman Vice Admiral Ehab Salah and Montenegro Ports Authority Chairman Stanko Dretic, seeks to deepen […]