Back to the complete issue
Wednesday, 12 February 2020

Egypt Petroleum Show tops coverage on last night’s talk shows

The Egypt Petroleum Show (EGYPS) was the topic du jour on the airwaves last night. The three-day event has already seen the Egyptian General Petroleum Corporation (EGPC) sign an agreement with US-based construction firm Bechtel to establish a USD 6.7 bn petroleum refinery, which we recap in full in this morning’s Speed Round below. Al Hayah Al Youm’s Hossam Hadad and Lobna Assal (watch, runtime: 3:38) and Min Masr’s Amr Khalil (watch, runtime: 3:33) took note of President Abdel Fattah El Sisi’s inauguration of the expo.

Local and international oil companies’ investments in Egypt’s oil and gas industry have hit EGP 1 tn, USD 35 bn (c. EGP 550 bn) of which were invested under the current administration, Oil Minister Tarek El Molla said (watch, runtime: 1:19).

Egypt hosting an oil and gas event of this magnitude is evidence of our emergence as a regional gas hub, Mohamed Saad El Din, head of the Federation of Egyptian Industries’ energy division, told Min Masr’s Reham Ibrahim (watch, runtime: 8:53).

The coronavirus also got some airtime with talk show hosts — including Yahduth Fi Misr’s Sherif Amer, who phoned Health Minister Hala Zayed — giving us the daily dose of assurance that Egypt is still safe from the epidemic (watch, runtime: 5:21).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.