News / Egypt
Egypt, Jordan Talked Energy Cooperation
the Egyptian Minister of Petroleum and Renewable Energy, Tarek El Molla, met with the Jordanian Prime Minister, Hani Al Mulki, along with a delegation from the country.
Egypt Bought 15% in Iraqi Gas Field
The Egyptian General Petroleum Corporation (EGPC) has signed a contract with Kuwait Energy oil firm on its Siba gas field, which is located southeast of Basra Governorate in Iraq. According to the agreement, EGPC will own 15% of Siba field
Apex International Energy Opened in Cairo
Apex International Energy, a new independent oil and gas exploration and production company focused on Egypt, announced that it has opened offices in Cairo, Egypt and Houston, Texas.
EGAS Extended Gas Pipeline
The Egyptian Natural Gas Holding Company completed an extension of the gas pipeline located west of the Nile and passing below the river to deliver gas to Beni Suef Governorate.
Egypt Ranked 122 in Business Index
Egypt moved up 9 spots on the World Bank Group’s Doing Business report for 2017 to rank 122 out of 189 countries. In the group's 2016 report, Egypt ranked 131.
El Molla Met with US Delegation
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the US delegation to Egypt in an event hosted by the American Chamber and the U.S.-Egypt Business Council (USEBC).
Oil Firms Refused Extended Payment Terms
International Oil Companies (IOCs) that were contracted through tenders to import petroleum derivatives to Egypt refused to extend payment period to 6 months instead of two.
Egypt to Buy Kuwaiti Fuel
Egypt signed an agreement to buy petroleum products from Kuwait with no discounts or grants. According to the agreement Egypt should pay in cash.
