crude oil | Egypt Oil & Gas - Part 3
Petrobel Brings Belayim Offshore 133 Well Online
Petrobel, the joint venture (JV) between Eni and the Egyptian General Petroleum Corporation (EGPC), has started production from the Belayim Offshore 133 well in the Gulf of Suez at an initial rate of 1,500 barrels of ...
India’s BPCL Secures Middle Eastern Crude Deals Amid Russian Supply Pivot
Bharat Petroleum Corporation Ltd (BPCL), the second largest Indian Oil Marketing Company, secured one-year term deals for Iraqi and Omani crude grades as Indian refiners pivot back toward Middle Eastern suppliers to m...
Agiba Records Highest Crude output in Three Years during December
Agiba Petroleum Company has achieved its highest crude oil output in three years at around 32,000 barrels per day (bbl/d) in December, thanks to the intensified drilling and investments from its Italian partner Eni, a...
Egypt, Emirate of Fujairah Sign Three Deals for Petroleum Trade, Expand El Hamra Port
Egypt and the Emirate of Fujairah signed an agreement on Thursday to establish an Egyptian shareholding company responsible for developing a logistics zone in the Mediterranean basin at El-Alamein. The project aims to...
EGPC to Increase Crude Oil for Refining at Alexandria Petroleum Company
The Egyptian General Petroleum Corporation (EGPC) agreed to increase crude oil supplies to the Alexandria Petroleum Company (APC) refinery as well as accelerate the procedures needed to expand the production of petrol...
CORC Refines 7M Tons of Crude Oil in 2024/25
The amount of crude oil refined at the Mostorod and Tanta refineries of the Cairo Oil Refining Company (CORC) reached nearly seven million tons in the fiscal year (FY) 2024/25, enough to cover the local market’...
Alexandria Petroleum Company Refines Over 3.5M Tons of Crude Oil in 2024/25
Reham Mohamed, chairperson of Alexandria Petroleum Company, said that the company refined more than 3.5 million tons of crude oil in fiscal year (FY) 2024/25 to produce various petroleum products and petroleum solvent...
Tax Authority: VAT Amendments Will Not Raise Fuel Prices
The Egyptian Tax Authority (ETA) announced limited amendments to the Value Added Tax (VAT), introducing a 10% tax on crude oil. Meanwhile, this tax will not affect the price of local petroleum products, according to a...
