EGPC | Egypt Oil & Gas - Part 29

USD Price Increases Petroleum Import Bills

USD Exchange rate increases diesel and benzene import bills by $50m per day.

Egypt’s Petrobel Extends Contract for Saipem’s Jack-Up Rig

The Egyptian company Petrobel has extended a contract for Saipem’s jack-up rig for work offshore in Egypt. The Company extended the contract for the Saipem-owned Perro Negro 4 jack-up drilling rig by two additional ...

Fuel Smart Card System to Provide10 Litres a Day

Sherif's Cabinet agreed on allocating ten liters of subsidized fuel a day for each citizen registered in the smart card system.

EGPC to Allocate 400,000 Subsidized LPG Cylinders

Tarek El Hadidi said that EGPC decided to allocate 400,000 subsided LPG cylinder to slums all over Egypt.

Egypt to Import Crude Oil from Libya

The Egyptian General Petroleum Corporation (EGPC) stated that negotiations with Libya to import 1mb/m of crude oil for a year are taking place.

Egyptian Cabinet Mulls Adjusting Natural Gas Prices

The Egyptian Cabinet headed by Eng. Sherif Ismail, is considering adjusting natural gas prices of some agreements signed with foreign oil companies operating in the Egyptian petroleum sector.

El Molla Ensures Operational Efficiency at Alexandria Company

Tarek El Molla said that the Egyptian petroleum sector is successfully implementing the upgrading and development plan of refining.

EGPC, Tax Authority to Discuss Value Added Tarrifs

The Egyptian General Petroleum Corporation (EGPC) will meet with the Egyptian Tax Authority in order to discuss applying the Value Added Tariff (VAT) on petroleum activities.

Shell, Petronas Develop Burullus 9B Phase

Shell and Petronas began working on phase 9B of the Burullus gas field.

Egypt to Negotiating Benzene Imports

Egypt is in talks to import 2.3m tons of benzene annually during 2017.

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