EGPC | Egypt Oil & Gas - Part 36
Electricity Ministry’s Debt to Oil Ministry Hit EGP 54b
The Ministry of Electricity's debt to the Ministry of Petroleum increased from EGP 1b in January 2017 to be EGP 54b by the 7th of February.
Finance Ministry Increases Cash Allocation to Oil Ministry
Egypt increased the Ministry of Petroleum's allocations from Finance Ministry to be $1b.
GPC to Produce 6,000b/d of Crude Oil in 2017
Egypt Oil and Gas that the company set a new plan to raise its production rate during 2017. GPC is seeking to reach nearly 6k b/d of crude oil.
EGPC, NBE Agreed on Gas Meters Installment
The Egyptian General Petroleum Corporation (EGPC) agreed with the National Bank of Egypt (NBE) on the installments for gas meters at the housing units all over the country to be paid during 1 to 7 years.
MIDOR Raises Refining Capacity by 15%
Middle East Oil Refinery (MIDOR) has raised its daily refining capacity by 15% to 115k b/d in January 2017.
Egypt to Boost Natural Gas Production
Egypt's natural gas production is going to increase during the current year due to the ongoing development of gas fields. Egypt to Repay $3.5b to IOCs
The Egyptian General Petroleum Corporation (EGPC) set payment exchange rate at EGP 17 for each $1. MIDOR Refinery to Process Iraqi Crude Oil
The Egyptian General Petroleum Corporation (EGPC) is studying refining Iraqi crude from Basra in MIDOR refinery.
