EGAS | Egypt Oil & Gas - Part 24
NBD Egypt Supports EGAS in an EGP1.8b Deal
NBD Egypt announced that it has participated in an EGP 1.8bsyndicated loan deal in favor of EGAS.
Egypt Aims to Cut LNG Imports
Egypt to defer contracted shipments this year and aims to cut back on purchases in 2018.
El Molla Issues New Promotions
Tarek El Molla, has issued promotions and transfers in the petroleum sector.
Total to Drill at North Mahalla Concession by May
Total is set to start drilling the first exploration well in North Mahalla onshore concession in the beginning of May.
EGAS Funded by 9 Banks
The Egyptian Natural Gas Holding Company (EGAS) will borrow a loan worth EGP 1.8b from nine Egyptian and Arab banks.
Egypt to Stop Burning Natural Gas by July
Egypt decided to stop burning natural gas in fields across Egypt starting July. El Molla Issues New Promotions
Tarek El Molla issued promotions and transfers in the petroleum sector.
Egypt’s Gas Demand to Reach 4.1bcf/d in Summer
The Egyptian Ministry of Electricity and Renewable Energy estimated the amount of oil and gas it will need during summer 2017 at 4.1bcf/d of gas, 23,000 tons/d of mazut, and 3,000 tons/d of diesel. 
