cabinet | Egypt Oil & Gas - Part 5

Cabinet Approves E&P Agreements in Suez Gulf

Egyptian Cabinet has approved a draft law to license the Minister of Petroleum and Mineral Resources to contract with EGPC and BP Exploration (Delta) Ltd. for exploration and production (E&P) activities in the nor ...

Egyptian Cabinet Approves EBRD $200 M Loan

Egyptian Cabinet has approved the $200 million loan agreement with the European Bank for Reconstruction and Development (EBRD), which is set to finance the modernization of a number of selected gas infrastructure ...

EGPC to Supervise Development in Ras Fanar

The Egyptian Cabinet granted preliminary approval for the Egyptian Natural Petroleum Corporation (EGPC) to supervise the development of the Ras Fanar area.

Cabinet Extends SUMED’s Mandate

The Egyptian cabinet extended the Arab Petroleum Pipeline Company’s (SUMED’s) mandate for an additional 27 years.

MoF: No Increase in Fuel Prices until Next July

There will be no further increase in fuel prices during the fiscal year (FY) 2017/18, according to the Egyptian Minister of Finance.

Cabinet Approves Six Agreements between EGPC and IOCs

The Egyptian cabinet met on the 25th of May and approved six agreements between the Egyptian General Petroleum Company (EGPC) and a number of unnamed IOCs for oil exploration in the Western Desert.

Egypt Increases Smart Card Program Participation

E-Finance's Smart Cards Manager, Khaled Abdel Ghany, stated that 12,000 Egyptian citizens recently applied for fuel smart cards.

Egypt’s Private Sector to Start Importing Gas by October

Egypt's Cabinet decided to regulate importing gas by private sector starting from October.

Electricity Ministry to Report Renewable Projects to Cabinet

The Egyptian Ministry of Electricity and Renewable Energy will present a detailed report to the cabinet explaining the situation of new and renewable energy projects.

Ministry of Electricity Asked for Extra Budget

The Egyptian Ministry of Electricity presented a memorandum to the Cabinet asking to increase allocations after the EGP devaluation.

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