EGPC | Egypt Oil & Gas - Part 36
EGPC, Tax Authority to Discuss Value Added Tarrifs
The Egyptian General Petroleum Corporation (EGPC) will meet with the Egyptian Tax Authority in order to discuss applying the Value Added Tariff (VAT) on petroleum activities.
Shell, Petronas Develop Burullus 9B Phase
Shell and Petronas began working on phase 9B of the Burullus gas field.
Egypt to Negotiating Benzene Imports
Egypt is in talks to import 2.3m tons of benzene annually during 2017.
EGPC to Supply Gasoline, Diesel to Meet Local Demand
The Egyptian General Petroleum Corporation plans to pump 16,000 tons of gasoline, and 35,000 tons of diesel to gas stations all over Egypt by the start of March in attempts to meet local demand.
Egypt’s Refineries Operating at 70% Capacity
The Egyptian refineries are operating at only 70% capacity due to shortages in inputs and a decrease in the efficiency of the refineries. 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.
