EGPC

  • Egypt to Receive $1.1 B Fund From ITFC

    Egypt to Receive $1.1 B Fund From ITFC

    Wednesday, 13th January 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of an agreement with the International Islamic Trade Finance Corporation (ITFC) to provide integrated financing solutions to all Egypt's sectors for 2021 worth $1.1 billion. This was in the presence of Hala El Said, the Minister of Planning and Economic Development, Ali Al-Moselhi, the Minister of Supply and Internal Trade, Rania Al-Mashat, the Minister of International Cooperation (MOIC), and Neveen Gamea, the Minister of Trade and Industry via video conference.

  • Iraq to Supply EGPC with 12 mmbbl of Crude in 2021

    Iraq to Supply EGPC with 12 mmbbl of Crude in 2021

    Wednesday, 30th December 2020

    The Iraqi Council of Ministers approved the renewal of a contract to supply 12 million barrels (mmbbl) of Basra Light crude to the Egyptian General Petroleum Corporation (EGPC) in 2021.

  • Eni Announces Oil Discovery in the Western Desert

    Eni Announces Oil Discovery in the Western Desert

    Wednesday, 23rd December 2020

    Eni has made a new oil discovery in the Meleiha Concession in the Western Desert, adding an extra 10,000 barrels of oil per day (bbl/d) to the current concession production.

  • Zeitco’s Production Reaches 8,000 bbl/d

    Zeitco’s Production Reaches 8,000 bbl/d

    Thursday, 17th December 2020

    East Zeit Petroleum (Zeitco), a joint venture (JV) between Dana Petroleum Company and Egyptian General Petroleum Cooperation (EGPC), produced 8,000 barrels of crude oil (bbl) from its concession in Egypt, according to Al-Mal newspaper.

  • Parliament Approves Draft Laws for New E&P Agreements

    Parliament Approves Draft Laws for New E&P Agreements

    Wednesday, 16th December 2020

    The House of Representatives approved a law authorizing the Minister of Petroleum and Mineral Resources (MoP) to contract for exploration and production (E&P) projects across the republic.

  • IOCs Highlight Egypt’s Investment Potentials During AEC

    IOCs Highlight Egypt’s Investment Potentials During AEC

    Tuesday, 15th December 2020

    Shell and Schlumberger have participated in the fourth edition of Al-Ahram Energy Conference (AEC) to discuss their investments in Egypt.

  • Public Business Sector Settles Debt Owed to Petroleum Sector

    Public Business Sector Settles Debt Owed to Petroleum Sector

    Monday, 7th December 2020

    The Ministry of Public Business Sector signed a protocol to settle the debt owed to the Ministry of Petroleum and Mineral Resources for business companies’ natural gas withdrawals.

  • TransGlobe Reaches Agreement with EGPC to Merge Eastern Desert Concessions 

    TransGlobe Reaches Agreement with EGPC to Merge Eastern Desert Concessions 

    Sunday, 6th December 2020

    TransGlobe reached an agreement with the Egyptian General Petroleum Corporation (EGPC) to merge the company’s three existing Eastern Desert concessions into a new modernized concession agreement.

  • Eni Reaches Agreement with Egypt to Restart Damietta LNG Plant

    Eni Reaches Agreement with Egypt to Restart Damietta LNG Plant

    Wednesday, 2nd December 2020

    Eni, the Italian giant, has come to an agreement with the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and its Union Fenosa Gas (UFG) partner Naturgy to finally re-open the Damietta liquefaction plant in Q1 2021.

  • EGPC Becomes IOGP Member

    EGPC Becomes IOGP Member

    Thursday, 26th November 2020

    The Egyptian General Petroleum Corporation announced that it has succeeded in obtaining a membership in the International Association Oil and Gas Producers under the framework of the Ministry of Petroleum and Mineral Resources’ Modernization project and application of highest health, safety and environment (HSE) measurements within oil and gas sector.

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