Petroleum Sector to Repay $1B to IOCs Each Year
The Egyptian oil and gas sector plans to repay $1 billion each year to international oil companies (IOCs) that work in Egyptian concession areas.
EGPC | Egypt Oil & Gas - Part 24
Banking Consortium Offers EGP 10B Loan to EGPC
A banking consortium of six banks have offered to loan the Egyptian General Petroleum Corporation (EGPC) EGP 10 billion to import oil and to settle part of its debts to the Ministry of Electricity.
Egypt Agrees $1.7B Settlement in Arbitration Case with Israel
Egypt has agreed to pay Israel a $1.7 billion settlement in the arbitration case filed by the Israel Electric Company against the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Corp ...
EGPC to Sign Contracts for 2018 E&P Tender in 2019
The Egyptian General Petroleum Corporation (EGPC) is preparing to sign contracts related to the exploration and production (E&P) tenders it launched in 2018.
EGPC Eyes $750M Loan
The Egyptian General Petroleum Corporation (EGPC) is studying obtaining a $750 million loan from foreign lenders.
Egypt’s Production of Crude Oil and Condensates Increases to 660,000 b/d
Egypt’s crude oil and condensates production increased to 660,000 barrels per day (b/d) in October 2018.
Banque Misr Approves $181.5M Letter of Credit to EGPC
Banque Misr approved granting a letter of credit worth $181.5 million for the Egyptian General Petroleum Corporation (EGPC), an official at the bank stated.
Shawcor Presents the Flexpipe Linepipe to EGPC
Shawcor presented its flexpipe to a team of engineers working in the Egyptian General Petroleum Corporation (EGPC) at the company's headquarters in Cairo on October 29.
Egypt to Boost Annual Refining Capacity to 42M tons in 2019
The Egyptian General Petroleum Corporation (EGPC) plans to increase the capacity of national refineries to exceed 42 million tons per year starting 2019.
International Banking Consortium Lends EGPC $1B
The Egyptian General Petroleum Corporation (EGPC) has signed the final contract for a $1 billion loan with a consortium consisting of 13 international and Arab financial institutions.
