EGPC | Egypt Oil & Gas - Part 33

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.

El Molla Visited ERC and CORC

El Molla visited the project of the Egyptian Refining Company (ERC) annd the refinery of the Cairo Oil Refining Company (CORC) in Mostorod.

El Molla Reviewed Atoll Field Status

BP has completed 53% of the development work being carried out at the North Damietta offshore concession.

Egyptian Arrears to IOCs Decreased

Egyptian arrears to IOCs decreased from $3.6b to $3.4b by end of April 2017.

Page 33 of 60

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