News / Egypt
Egypt Negotiates 250,000 Tons of Fuel Imports
The Egyptian government is currently conducting new negotiations with a number of foreign suppliers to import fuel for April and May.
Egypt and Saudi Aramco to Discuss Shipments
The Egyptian General Petroleum Corporation(EGPC) and Saudi Aramco will hold meetings by April 2017 to set the supply schedule and quantities required according to Egypt's needs of petroleum products.
Egypt’s Cabinet Aiming to Cut 25% of Imported Fuel Cost
The Egyptian government is willing to reduce the energy consumption to avoid increasing energy subsidies allocations to EGP100b in 2017 / 2018 budget.
Agiba Petroleum to Have a New Oil Discovery
Agiba has drilled new explanatory well Rosa N 1X in its Meleiha concession area in Western Desert. The new discovery will increase Egypt's oil reserves, especially after discovering an oil tank on a new layer in Ras El Qatara, that has not been reached before.
Schneider to Supply Electrical Equipment to Ain Sokhna Complex
France's Schneider Electric was contracted to supply and install all the electrical equipment of nine factories in the phosphate fertilizers complex in Ain Sokhna. Executive works were awarded to three contractors from China, Spain, and Italy.
Egyptian Cabinet Takes Over Natural Gas Regulator
The House of Representatives’ Energy Committee amended clauses of the Natural Gas Act placing the new gas market regulator under the jurisdiction of the Egyptian Cabinet instead of the Ministry of Petroleum and Mineral Resources.
El Molla Meets with the Head of EU Delegation to Cairo
Egyptian Minister of Petroleum, Tarek El Molla, received the Head of the European Union (EU) Delegation to Cairo, Ambassador Ivan Surkos, to review the cooperation between Egypt and the EU.
Sovereign Authorities Reject Petroleum Price Hike
A governmental official stated to Egypt Oil&Gas that sovereign authorities are strongly rejecting the raise in prices of petroleum products during the current fiscal year 2016/2017.
