EGPC | Egypt Oil & Gas - Part 37

Egypt to Boost Natural Gas Output

Egypt plans to increase natural gas production from 4.4bcf/d to 5bcf/d in 2017.

Aramco’s Shipments Remain Halted

Saudi Aramco did not send January fuel cargos. Thus the 700,000 tons cargo of petroleum derivatives was halted for four consecutive months.

Egypt Signed New Exploration Deals

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two new oil and gas exploration agreements.

Sino Tharwa to Market Seismic Services

Sino Tharwa contracted with China's Sinopec Star Petroleum Company to become its Seismic Marketing Agency in Egypt.

Egypt to Lift Butane Subsidies by 2019

Egypt will lift subsidies on butane bottles by 2019 after applying butane coupons.

Egypt to Halt Diesel, Mazut Supplies to Power Plants

Egypt to stop pumping diesel and mazut to electricity power plants.

EGAS to Pump 500mcf/d of Gas to Factories

The Egyptian Natural Gas Holding Company (EGAS) will pump 500mcf/d of gas to factories during January 2017.

Egypt to Pay for Halted Fuel Cargoes

The Egyptian Ministry of Petroleum and Mineral Resources will receive $250m from the Ministry of Finance within January to pay dues of fuel providers to be able to import more fuel and release any cargo held in the E ...

Egypt to Import Fuel from UAE

Egypt is negotiating with the United Arab Emirates (UAE) to import petroleum derivatives such as benzene, diesel, and butane.

EGPC Hedged USD on Weekly Basis

International oil companies (IOC) operating in Egypt pay contractors at an exchange rate that is set weekly by the Egyptian General Petroleum Corporation (EGPC).

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