EGPC | Egypt Oil & Gas - Part 32
Egypt Pays $1.1B to Cover Fuel Demands
The Egyptian oil and gas sector secures petroleum products worth $1.1 billion on a weekly basis in order to cover the local consumption.
EGPC to Launch a New Exploration Tender
The Egyptian General Petroleum Corporation (EGPC) is planning to launch an oil and gas exploration tender before the end of 2017, Minister of Petroleum and Mineral Resources.
Butane Imports Surpass 180,000 tons
Egypt imports more than 180,000 of butane on a monthly basis to cover citizens' demands and the demands of sectors using butane, such as farms and bakeries, the Head of EGPC stated.
El Molla Reviews Modernization Program at EGPC
The modernization program is in line with the reform programs and development plans adopted by the state on all tracks, the minister stated.
Fuel Prices Not to Increase for Industrial Sector
Fuel provided for the industry sector will not face any price increase, except for cement industry, according to EGPC's CEO.
Fleet Energy to Import LNG from Egypt
UAE’s Fleet Energy Inc. has been granted approval to import liquefied natural gas (LNG) from Egypt.
Echo Energy Sells Stake to Partner Nostra Terra
Echo Energy has sold its 25% interest in Egyptian East Ghazalat licence to its joint venture partner, Nostra Terra.
Amer: CBE to Pay $750m to IOCs by June
Tarek Amer, said that the CBE will pay $750m of arrears to International Oil Companies( IOCs) by June 2017.
