Egypt also plans to make a debt payment worth $750m to IOCs on the 1st of June.
The Egyptian President, Abd El Fattah El Sisi, met with Saudi Arabian King Salman in Riyadh to preserve the security and stability of the Arab states and to combat attempts to drive a wedge between Arab allies.
The Egyptian President, Abd El Fattah El Sisi, discussed the International Monetary Fund's (IMF) loan program for Cairo with the IMF's Managing Director, Christine Lagarde.
Russia'a Rosneft stated that gas production in Zohr field will start by the end of 2017. Zohr is considered to be the hugest natural gas field ever found in the Mediterranean Sea as it has estimated 850bcm of gas.
Egyptian President Abd El Fattah El Sisi and German Chancellor Angela Merkel inaugurated Siemens 3 power plants.