News / Egypt
Egypt Aims to Reschedule Debt Payment to IOCs in 2017
Egypt's PM Sherif Ismail's cabinet wants to reschedule the debts to be paid to foreign oil companies operating in the Egyptian sector during 2017 in order to be able to pay out the entire debt by 2019.
El Molla in Talks with Foreign IOCs Delegations
Tarek El Molla met with delegations from several international oil companies, including US-based Halliburton, French Total and the French Institute of Petroleum, to discuss expanding investment scope in Egypt.
Egypt to Pump Gas to East Qantara Industrial Zone
The Egyptian oil and gas sector has established the main portage of the pipeline designed to pump natural gas to the industrial zone located in East Qantara City.
ECHEM to Implement 4 Projects Worth $5b
The Egyptian Petrochemicals Holding Company (ECHEM) is studying the execution of four projects worth $5b.
Egypt to Reschedule Factories’ Petroleum Dues
The Egyptian Natural Gas Holding Company (EGAS) will hold a meeting with factories with late dues in order to reschedule payments.
Egypt to Negotiating Benzene Imports
Egypt is in talks to import 2.3m tons of benzene annually during 2017. EGPC to Supply Gasoline, Diesel to Meet Local Demand
The Egyptian General Petroleum Corporation plans to pump 16,000 tons of gasoline, and 35,000 tons of diesel to gas stations all over Egypt by the start of March in attempts to meet local demand.
Egypt’s Feed-in-Tariff to Remain Unchanged
The Egyptian Electricity Ministry will not increase the Feed-in-Tariff (FiT) for renewable energy projects in the second phase of the program.
