News / Egypt

Egypt Secured $6b IMF Funding Requirement

Egypt has managed to primarily secure the additional funding required to proceed in the International Monetary Fund (IMF) loan. Efforts exerted by both the CBE and Egyptian government resulted into securing the requested financing package of $6b.

EGPC to Buy 202,000 Tons of LNG

The Egyptian General Petroleum Corporation (EGPC) seeks to buy 202,000 tons of LNG to be received by October

Egypt Lowers FiT Power Rates

Egypt's government has dropped the purchasing prices for electricity in the second phase of the country's Feed-in Tariff (FiT) program from $0.1432, the rate used in first phase, to $0.084.

Egypt, Shell Agreed on Gas Re-pricing for Burulus Field

The Egyptian Ministry of Petroleum and Mineral Resources agreed with Royal Dutch Shell Petroleum Company to re-price gas produced in phase 9C from Burulus field to be the same pricing as 9B phase gas, ranging between $2.5 and $5.88 per thermal unit.

El Molla Talks Petroleum Projects with UK’s Ambassador

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, meets British Ambassador in Egypt, John Casson, to discuss bilateral cooperation in oil and gas.

Al-Jahra SE-1X Oil Well Starts Production

The production of Al-Jahra SE-1X oil well located in Abu Sennan concession in Egypt's Western Desert starts

Amreya Petroleum Refined 3.9m Tons of Crude

Egypt's Amreya Petroleum Refining Co refined 3.9m tons of crude oil during fiscal year 2015/2016.

Abu Bakr to Head Egypt’s Petroleum Chamber until 2019

The Egyptian Chamber of Petroleum and Mining extend presidency of Tamer Abu Bakr by three years

Foreign Firms Invested $6.6b in Egypt’s Oil Sector

Foreign investments in Egypt's oil and gas sector during fiscal year 2015/2016 reached $6.6b.

El Sisi, Putin Talked Bilateral Cooperation

Egyptian President, Abd EL Fatah El Sisi, meets Russian President, Vladimir Putin and discusses bilateral cooperation and energy

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