The Egyptian General Petroleum Corporation (EGPC) recently succeeded in pumping 250,000 butane cylinders during the past week to cover the demands of the commercial and residential sectors across the country.
The Egyptian General Petroleum Corporation is shifting into exporting bunker fuel instead of importing high sulfur fuel oil from Europe.
The Egyptian Company for Gas Transportation and Delivery (Botagasco) sold 83.9 million butane cylinders in 2017, which is 20% higher than the 70.3 million cylinders sold in 2016.
The Egyptian Ministry of Petroleum and Mineral Resources plans to increase crude oil production by around 1.5% to meet its production target.
Egyptian oil and gas sector supports developing scientific research in order to cope with the information revolution.
The Egyptian government plans to repay $250 million in arrears to international oil companies (IOCs) in March 2018.
Egypt's consumption of diesel exceeded 1.2 million ton per month, across all the consuming sectors.
The Ministry of Petroleum and Mineral Resources is trying to approximate points of views between EGPC, EGAS and holding companies, and Taqa Gas Group.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the agreement signing for the development of Badr Petroleum Company (Bapetco).
The National Bank of Kuwait-Egypt (NBK-Egypt) agreed on the renewal of a $10 billion financing agreement to support EGPC to meet its financial needs.
