EGPC | Egypt Oil & Gas - Part 40
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.
Egypt to Pay EGP 16b in Fuel Subsidies
Egypt's petroleum subsidies' bills will exceed EGP 16b in the second quarter of the current fiscal year 2016/2017.
Egypt Accepted 6 IOCs’ Oil, Gas Bids for $200m
Egypt has accepted six bids from international companies to drill 33 wells in six different areas for a total investment of $200m.
