EGPC | Egypt Oil & Gas - Part 33

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.

DEA Grows Following West Nile Delta Production

Production from the offshore WND gas fields commenced on the 24th March 2017 contributing to DEA’s growth.

Egypt to Import EGP 185b Worth Petroleum Products

Egypt will increase imports allocations from EGP 140b in 2017 to reach EGP 185b in 2018.

AMOC to Buy Condensates from Dana Gas

AMOC aims to refine 1,500b/d of Dana Gas’ condensates in its refineries for two months, increasing the amount of condensates to 4,000b/d thereafter.

Egypt to Raise gas Import Allocations by $500m in 2018

The Egyptian Government allocated $3b to import gas in 2018.

Egypt Owes EGP 121b to EGPC

The dues owed by governmental agencies to the Egyptian General Petroleum Corporation amounted to EGP 121b at the end of 2015/2016.

El Molla Met with CDB’s Delegation

Tarek El Molla, met with China Development Bank (CDB), CEO and his accompanying delegation.

El Molla Chaired Emarat Misr’s General Assembly

Tarek El Molla, headed the general assembly of Emarat Misr Petroleum Products Company to review 2016 results.

Egyptian Oil & Gas Taxes Estimated at EGP 44.17b

Egyptian oil and gas taxes were estimated to reach EGP 44.17b in the new budget of fiscal year 2017/2018.

Page 33 of 59

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