EGPC, ESLSCA Ink Agreement for Training Calibers
The Egyptian General Petroleum Corporation (EGPC) signed a cooperation protocol with ESLSCA to train the sector’s leaders, in line with the sector's Modernization Project.
The Egyptian General Petroleum Corporation (EGPC) signed a cooperation protocol with ESLSCA to train the sector’s leaders, in line with the sector's Modernization Project.
The current diesel production rate stands at 500,000 tons per month, covering around 45% of the local consumption.
The Egyptian General Petroleum Corporation aims to increase its production of crude oil and condensates by 50,000 barrels per day (b/d), bringing its total production to nearly 710,000 b/d by mid-2020.
The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have agreed to pay $500 million to settle a dispute with Israel Electric Corporation.
The agreement was signed by Abed Ezz El Regal, head of EGPC; and Khaled Kacem, Shell's Country Chairman and Managing Director in Egypt, in the attendance of Minister of Petroleum, Tarek El Molla.
According to the agreement, the company will search for and develop oil at the Ras Budran and El Zeit Bay oil fields in the Gulf of Suez (GOS).
Butane will be increased the most as the county is adding 100,000 butane cylinders per day to the amounts pumped into the market, boosting the total to 1.25 million cylinders per day.
Weatherford has inaugurated its new Kattameya facility and office space in Cairo in a ceremony that gathered the company’s top management and industry leaders.
Egyptian butane imports during the first three months in 2019 were close to 60% of the country's butane cylinders.
Egypt produces around 518,000 tons of diesel per month, through state owned and private owned refineries.