EGPC | Egypt Oil & Gas - Part 32

EGPC Hedged USD on Weekly Basis

International oil companies (IOC) operating in Egypt pay contractors at an exchange rate that is set weekly by the Egyptian General Petroleum Corporation (EGPC).

Egypt to Produce 705,000b/d of Oil

Egypt will increase production of crude oil and condensates to reach 705,000b/d before the end of June 2017

EGPC Supplies 1m Butane Bottles Daily

The Egyptian General Petroleum Corporation (EGPC) supplies around 1m butane bottles per day during winter to cover local demands all over the country.

Merlon to Invest $54m in Fayoum Concession

US Merlon International Oil Company decided to invest $54m in the development and production operations at its Fayum concession in Egypt.

EGPC Launched Diesel Tenders

The Egyptian General Petroleum Corporation (EGPC) has launched two oil tenders to import 1.012m tons of diesel to be received in February and March 2017.

Egypt Pumped More Diesel to Local Markets

Egypt increased the diesel pumped to local markets from 38,000 tons to 40,000 tons

Agiba Petroleum Drilled Exploratory Well in Melieha

Agiba Petroleum has discovered a new well Melieha 101 in the Melieha Concession, located in Western Desert of Egypt.

Abu Qir Petroleum Installed New Gas Compressor

Abu Qir Petroleum Company installed a new gas compressor with a capacity of 350mcf/d.

Egyptian Firms Increase Gas Production

Pharaonic Petroleum Company and North of Sinai Petroleum Company (NOSPCO) increase natural gas production.

Egypt Pays $5.8/1mBTU for Zohr Gas

Egypt buys Eni's equity gas from Zohr field for $5.8 per 1m thermal unit (BTU), according to the recent agreement in November 2016.

Page 32 of 53

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