EGPC | Egypt Oil & Gas - Part 35
Egypt’s Cabinet Aiming to Cut 25% of Imported Fuel Cost
The Egyptian government is willing to reduce the energy consumption to avoid increasing energy subsidies allocations to EGP100b in 2017 / 2018 budget.
Egypt Air Dues to Petroleum Sector Increase
Egypt Air's arrears for the Egyptian oil and gas sector increased to be EGP 8.2b in March 2017.
Egypt Seeks 2m tons of Fuel to Fill Gap
Egypt needs around 2m tons of fuel annually to fill the gap between supply and demand.
USD Price Increases Petroleum Import Bills
USD Exchange rate increases diesel and benzene import bills by $50m per day.
Egypt’s Petrobel Extends Contract for Saipem’s Jack-Up Rig
The Egyptian company Petrobel has extended a contract for Saipem’s jack-up rig for work offshore in Egypt. The Company extended the contract for the Saipem-owned Perro Negro 4 jack-up drilling rig by two additional ... Fuel Smart Card System to Provide10 Litres a Day
Sherif's Cabinet agreed on allocating ten liters of subsidized fuel a day for each citizen registered in the smart card system.
EGPC to Allocate 400,000 Subsidized LPG Cylinders
Tarek El Hadidi said that EGPC decided to allocate 400,000 subsided LPG cylinder to slums all over Egypt.
Egypt to Import Crude Oil from Libya
The Egyptian General Petroleum Corporation (EGPC) stated that negotiations with Libya to import 1mb/m of crude oil for a year are taking place.
