News / Egypt
Egypt to Import 2m Tons of Crude from Iraq
A government source informed Egypt Oil & Gas that the Cabinet is considering fuel suppliers offers to import oil from Iraq starting from January 2016. This was especially in light of the fuel crisis that periodically returns as over the past two months.
EGPC to Boost Fuel Supply
EGPC Vice Chairman for Operations, Amr Mostafa, told Egypt Oil & Gas that a decision was taken to pump 38,000 tons of diesel and 18,000 tons of gasoline to all fuel stations in the country to eliminate some of the traffic jams at petrol stations due to lack of petrol 92.
Cyprus Proposes Connecting Aphrodite to Egypt’s Zohr
Cyprus Mail quoted Cypriot Energy Minister Giorgos Lakkotrypis recommending building a pipeline to connect Cyprus' Aphrodite filed to Egypt’s newly-discovered Zohr gas field, instead of laying a pipeline straight from the Aphrodite reservoir to Egypt.
Egypt to Connect 2m Households to the National Gas Grid by 2017
A source in petroleum ministry revealed to Egypt Oil & Gas the national plan for delivering natural gas to households until the end of 2017, which includes 2m households in 26 governorates.
El Molla Inspects MOPCO’s New Factories
Minister of Petroleum and Mineral Resources Tarek El Molla confirmed that the ministry's strategy in the petrochemical industry is based on expanding the added value of natural gas through establishing many petrochemical industries that will cover the needs of the local market, reported Egypt Oil & Gas.
Egypt to Import Petroleum Products from Kuwait
Negotiations with Kuwait are underway to supply with new quantities of petroleum products Egypt for the winter period during the years 2016 and 2017, reported Egypt Oil & Gas.
Oil Ministry in Negotiations with IOCs for LNG
A source at EGPC revealed to Egypt Oil & Gas that negotiations with a number of foreign oil companies are underway to buy their share of liquefied natural gas (LNG) to meet the needs of power plants and factories suffering shortages during the current fiscal year.
TAQA Arabia, EGB Strike A Deal to Finance National Gas Project
TAQA Arabia announced in a press release that it has reached an agreement with the Egyptian Gulf Bank (EGB) over financing the project connecting household units and businesses to the national gas grid. The agreement was made in cooperation with the Egyptian government, and is worth EGP 700m.
