Egypt to Pay $200M in Arrears to IOCs
The Ministry of Petroleum and Mineral Resources will repay debts of $200 million to international oil companies in June 2018.
The Ministry of Petroleum and Mineral Resources will repay debts of $200 million to international oil companies in June 2018.
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Toyota Tsusho's General Manager of Energy and Infrastructure, Yoshihiro Inoue, to discuss investment opportunities in Egypt's refining and petrochemical sectors.
The Egyptian Ministry of Petroleum and Mineral Resources is in the process of launching new international bids for the exploration and production (E&P) of natural gas in the Mediterranean Sea.
Nostra Terra Oil and Gas Co has announced that a dispute between its subsidiary and North Petroleum over the East Ghazalat Concession has been referred to arbitration.
Egypt plans to sign a joint agreement with Cyprus to construct a direct pipeline from the Cypriot Aphrodite natural gas field to Egypt.
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The Ministry of Planning, Monitoring and Administrative Reform is investing $8.3 billion in the petroleum sector in order to boost the capacity of refineries by 10%.
Emarat Misr will open two new gas stations in 2018, company head Mohamed Othman Eigeza has announced.
Eni has announced that they have started operations at the second production unit at Egypt's Zohr natural gas field.
The Egyptian government will sign an agreement within the next three weeks with Agence Francaise De Developpement (AFD) to provide technical support to the new gas regulator in Egypt.