Egypt Receives Third Cargo of Iraqi Crude in 2018

• Wednesday, 27th June 2018
• by Editorial Team

Egypt has received 2 million barrels of Iraqi crude, the third shipment of 2018, Iraqi commercial attaché to Egypt Hider Nori Gabr has said, according to Al Mal. The cargo is part of an agreement originally signed in ...

Apache to Drill East Bahariya Wells in 2018

• Monday, 4th June 2018
• by Editorial Team

Apache will start drilling new oil wells in the East Bahariya concession in the Western Desert during Q3 2018, Egypt Oil & Gas reported. The American company plans to start production from these wells six months a...

Electricity Ministry Arrears to EGPC Reach EGP 107.5B

• Sunday, 3rd June 2018
• by Sarah Samir

Debts owed by the Egyptian Ministry of Electricity to the Egyptian General Petroleum Corporation (EGPC) have reached EGP 107.667 billion, Amwal Al Ghad reported. This is compared to the EGP 90 billion it owed during t...

Egypt Produced 1.6M Tons of Diesel in Q1 2018

• Thursday, 31st May 2018
• by Sarah Samir

Egypt produced around 1.6 million tons of diesel during Q1 2018, head of the Egyptian General Petroleum Corporation, Abed Ezz El Regal, told Amwal Al Ghad. Domestic production supplies 70% to 75% of Egypt’s dema...

EGPC to Borrow $850M to Repay IOC Debts

• Sunday, 27th May 2018
• by Sarah Samir

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), Al Mal News r...

IOCs Consider Bids for Egyptian E&P Bid Rounds

• Tuesday, 22nd May 2018
• by Sarah Samir

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 are...

Egypt Opens Two E&P Bid Rounds for 27 Concessions

• Monday, 21st May 2018
• by Sarah Samir

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, Egypt Oil & Gas reports. Eg...

EGPC Increases Diesel Supplies Ahead of Ramadan

• Wednesday, 16th May 2018
• by Sarah Samir

Egypt has increased the daily amounts of diesel delivered to the local market to around 41,000 tons, Amwal Al Ghad reported. The government took the decision to increase the availability of diesel in preparation for R...

Eni, Lukoil to Build Natural Gas Processing Plant in Egypt

• Monday, 14th May 2018
• by Sarah Samir

Italy’s Eni and Russian Lukoil will work with the Egyptian General Petroleum Corporation (EGPC) to build a natural gas processing facility in Egypt’s Western Desert, Egypt Today reported. The plant will cost $700 mill...

Egypt to Receive Third Iraqi Crude Oil Cargo in June

• Thursday, 26th April 2018
• by Sarah Samir

Egyptian ports will receive the third cargo of 2 million barrels Iraqi crude oil at the end of June 2018, head of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz El Regal, told Al Mal News. El Regal added t...