News / Egypt
Egypt to Cover Butane Demand
The Egyptian General Petroleum Corporation (EGPC) has enough butane reserves to cover 15 days of the local market demands.
Egypt Spends EGP 13b on Fuel Imports
Egypt imports bill for petroleum derivatives including benzene, diesel and mazut, as well as liquefied natural gas (LNG), has reached EGP 13b a month.
El Molla Attended Petroleum Health, Safety Workshop
Egyptian Minister of Petroleum attended Petroleum Health, Safety and Environment Protection Workshop in November.
Egypt, Russia to Sign Dabaa Nuclear Agreement by End 2016
Egypt agreed with Russia to sign the final contract for the nuclear power plant Al Dabaa by the end of 2016. Moscow will grant Cairo a $25b loan to finance equipment for construction and operation of the plant.
Egyptian Natural Gas Production Declines
Egypt's natural gas production has decreased from 4.4bcf/d to 4.35bcf/d in October due to deficient speed of connecting new wells to the national grid to compensate for natural gas production ratio decline.
El Molla: Egypt to Finalize New Gas Law by 2017
Egypt's Petroleum and Mineral Resources Ministry announced it plans to finalize the new gas law before the end of 2017, according to Oil Minister, Tarek El Molla.
El Molla: Egypt Signed 70 New Oil&Gas Agreements
Egypt has signed 70 new oil and gas exploration agreements.
Egypt Listed Oil Firms for IPO
The Egyptian Ministry of Petroleum and Mineral Resources presented eight oil and petrochemical companies to the Ministry of Investment and ICapital National Investment Bank to study the launch of an initial public offering (IPO) through the Egyptian Stock Exchange (EGX) and other global markets.
