EGPC | Egypt Oil & Gas - Part 39

Amer: CBE to Pay $750m to IOCs by June

The governor of the Central Bank of Egypt (CBE), Tarek  Amer, said that the bank will pay $750m of arrears to International Oil Companies( IOCs) by June 2017. Amer mentioned that the bank already paid $750m earlier, a...

El Molla Visited ERC and CORC

A press release to Egypt Oil&Gas stated that Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, said that implementing new refining projects and developing the existing units is essential t...

El Molla Reviewed Atoll Field Status

A press release to Egypt Oil&Gas stated that Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the meeting of the Higher Committee responsible for following up the progress of the ...

Egyptian Arrears to IOCs Decreased

The Egyptian General Petroleum Corporation (EGPC)’s Head, Abed Ezz El Regal, stated during the meeting at the American Chamber of Commerce that Egyptian arrears to international oil companies (IOCs) decreased fr...

DEA Grows Following West Nile Delta Production

The first two fields of West Nile Delta, Taurus and Libra, has started first gas on the 24th March 2017. Nine wells have now been commissioned and the fields are currently producing at a flow rate of more than 700mcf/...

Egypt to Import EGP 185b Worth Petroleum Products

An Official at the Egyptian General Petroleum Corporation (EGPC) told Egypt Oil&Gas that Egypt will need to increase the allocation for importing petroleum products from EGP 140b in 2017 to reach EGP 185b in 2018....

AMOC to Buy Condensates from Dana Gas

Alexandria Mineral Oils Company (AMOC) has reached an agreement to buy condensates produced by Dana Gas. The agreement will be signed within a week, Al Shorouk informed, citing AMOC’s Chairperson, Amr Mustafa. A...

Egypt to Raise gas Import Allocations by $500m in 2018

An Official Source at the Egyptian General Petroleum Corporation (EGPC) stated exclusively to Egypt Oil&Gas that the Egyptian Government allocated $3b for gas imports in 2018, raising the gas imports allocations b...

Egypt Owes EGP 121b to EGPC

Parliamentary sources said that the dues owed by governmental agencies to the Egyptian General Petroleum Corporation (EGPC) amounted to EGP 121b at the end of the past fiscal year 2015/2016, according to Daily News Eg...

El Molla Met with CDB’s Delegation

A press release to Egypt Oil&Gas stated that Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, met with China Development Bank (CDB)’s CEO and his accompanying delegation to discuss the po...

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