EGPC | Egypt Oil & Gas - Part 39
Abu Qir Petroleum Installed New Gas Compressor
Abu Qir Petroleum Company installed a new gas compressor with a capacity of 350mcf/d.
Egyptian Firms Increase Gas Production
Pharaonic Petroleum Company and North of Sinai Petroleum Company (NOSPCO) increase natural gas production.
Egypt Pays $5.8/1mBTU for Zohr Gas
Egypt buys Eni's equity gas from Zohr field for $5.8 per 1m thermal unit (BTU), according to the recent agreement in November 2016.
Egypt Stockpiled on Petroleum Reserves
Egypt's strategic reserves of butane is enough to cover consumption of a 15-day period, while that of benzene and diesel covers a 10-day duration.
EGPC to Launch Fuel Tender
Egyptian General Petroleum Corporation (EGPC) is launching a tender to receive 700,000 tons of benzene, diesel and mazut.
Shell to Boost EDCO’s LNG Exports
Royal Dutch Shell exported three liquefied natural gas (LNG) cargos through its EDCO plant, while agreeing with he Egyptian Ministry of Petroleum and Mineral Resources to start gradually increasing its LNG exports.
Apache to Drill 20 Gas Wells
US Apache intends to invest $100m in horizontal drilling on 20 wells in the Apollonia field located in the Egyptian Western Desert in order to produce around 40mcf/d of gas.
Banks to Loan $200m to EGPC
The Egyptian General Petroleum Corporation (EGPC) will sign a $200m loan agreement during with a banking consortium.
