News / Egypt
Egypt’s Gas Consumption Rises to 1,765 BCF
Vice Chairman for Operations & Natural Gas Grids told Egypt Oil & Gas (EOG) that natural gas local consumption increased during Fiscal Year 2014/2015, reaching 1,765 BCF (an average of 5,000 MMSCFD).
Egypt Air Debt to EGPC Climbs to EGP 5.9b
Egypt Air's dues owed to EGPC jumped to EGP 5.9b by the end of July compared to 5.7b in the month of April 2015. This is the result of the Egypt Air's decision to stop paying the full value of the fuel it receives and focus more on paying the monthly installments of the debt accumulated.
Independent Gas Regulator Plan Released for Egypt
Al-Borsa newspaper was able to get hold of the summary of the project for setting up an independent gas regulator in Egypt, put together by the European Union's Technical Assistance for the Reform of Energy Sector (TARES) in cooperation with the Ministry of Petroleum and EGAS.
EGPC to Announce New Bid Round
Sources at the Egyptian General Petroleum Company (EGPC) informed Egypt Oil & Gas (EOG) that the company is preparing to issue a new bid round before the end of the year.
EGAS Technical Committee Evaluating IOC Bids for Mediterranean
The Egyptian Natural Gas Holding Company (EGAS) has announced the closing of its 2015 International Bid Round, where the Technical Committee has now begun evaluating bids.
Sohag Governorate Eyes Biogas Prospects
Sohag Governor, Ayman Abdel Moneim, announced in his speech at the Biogas Technology Production conference held in Sohag, that the governorate is currently studying the feasibility of including biogas as one of its energy sources, reported Almal.
Egypt Gas Company Records Losses of EGP 48.6m
State owned Egypt Gas company, an affiliate of the Egyptian Natural Gas Holding Company (EGAS), recorded losses of EGP 48.6m ($6.2m) during the first 6 months of 2015, in comparison to the recorded profits of EGP 25.26m ($3.2m) during the same periodin 2015, reported Daily News Egypt.
ASORC Aims to Process 4.1m tons of Crude Oil
Al-Mal newspaper learned that Assiut Oil Refining Company (ASORC) has contracted with ENPPI to implement new units to raise its production capacity of petroleum derivatives and thus increase its supply of petroleum products to Upper Egypt.
