EGPC | Egypt Oil & Gas - Part 28

Diesel Consumption Exceeds 1.2 M Tons per Month

Egypt's consumption of diesel exceeded 1.2 million ton per month, across all the consuming sectors.

Petroleum Ministry Settles Disagreements between Firms

The Ministry of Petroleum and Mineral Resources is trying to approximate points of views between EGPC, EGAS and holding companies, and Taqa Gas Group.

EGPC, Shell Sign Bapetco Development Agreement

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the agreement signing for the development of Badr Petroleum Company (Bapetco).

NBK-Egypt Renews Financing Deal Worth $10 B for EGPC

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.

NBE to Manage Cash Revenues of Zohr

EGPC, NBE sign an agreement to manage cash revenues of Egypt's giant natural gas field Zohr.

Egypt’s Diesel Consumption Reaches 305,000 Tons/Week

Diesel consumption in the Egyptian market reached around 305,000 tons per week across all sectors, Abed Ezz El Regal, Head of the Egyptian General Petroleum Corporation (EGPC), said.

Egyptian Oil Firms Seeking to Double EGP 10 B Loan

Egypt’s Co-Operation Petroleum Company (COOP) and Misr Petroleum Company sent a letter to an Egyptian banking consortium asking to double an EGP 10 billion loan, which was granted late 2014.

Cabinet Approves 4 E&P Agreements

The Cabinet approved four oil and gas exploration and production (E&P) agreements worth $230 million.

EGPC Distributes 300,000 Butane Cylinders Last Week

The Egyptian General Petroleum Corporation (EGPC) distributed 300,000 butane cylinders within the last week.

Capacity of Egypt’s Refineries Rises to 39M Tons

The production capacity of Egypt’s refineries rose to 39 million tons per year after the rehabilitation of several refineries.

Page 28 of 59

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