EGPC, BP Sign $46M Gulf of Suez E&P Deal
The Egyptian General Petroleum Corporation (EGPC) and BP have signed a $46 million oil and gas exploration and production (E&P) deal for the Eastern Ramadan area in the Gulf of Suez.
EGPC | Egypt Oil & Gas - Part 25
EGPC, Apache Reach $39M Deal To Drill Seven Oil Wells
The Egyptian General Petroleum Corporation (EGPC) signed a $9 million agreement with Apache on July 18 to drill seven oil wells in the East Bahariya concession in the Western Desert with a signature grant of $30 m ...
EGPC Hires HSBC to Raise $1B Loan
The Egyptian General Petroleum Corporation (EGPC) has hired HSBC to arrange a loan of around $1 billion.
Egypt Receives Third Cargo of Iraqi Crude in 2018
Egypt has received 2 million barrels of Iraqi crude, the third shipment of 2018.
Apache to Drill East Bahariya Wells in 2018
Apache will start drilling new oil wells in the East Bahariya concession in the Western Desert during Q3 2018.
Electricity Ministry Arrears to EGPC Reach EGP 107.5B
Debts owed by the Egyptian Ministry of Electricity to the Egyptian General Petroleum Corporation (EGPC) have reached EGP 107.667 billion.
Egypt Produced 1.6M Tons of Diesel in Q1 2018
Egypt produced around 1.6 million tons of diesel during Q1 2018.
EGPC to Borrow $850M to Repay IOC Debts
The Egyptian Ministry of Finance approved issuing local currency guarantees for two loans to help the Egyptian General Petroleum Corporation (EGPC) repay debts owed to international oil companies (IOCs).
IOCs Consider Bids for Egyptian E&P Bid Rounds
Shell, Apache, and Mubadala Petroleum are considering submitting bids in the exploration and production (E&P) bid round that will be launched by the Egyptian General Petroleum Corporation (EGPC) for exploration ar ...
Egypt Opens Two E&P Bid Rounds for 27 Concessions
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has announced the opening of two international bid rounds for exploration and production (E&P) during 2018.
