EGPC | Egypt Oil & Gas - Part 40
Egypt Negotiates 250,000 Tons of Fuel Imports
The Egyptian government is currently conducting new negotiations with a number of foreign suppliers to import fuel for April and May.
Egypt and Saudi Aramco to Discuss Shipments
The Egyptian General Petroleum Corporation(EGPC) and Saudi Aramco will hold meetings by April 2017 to set the supply schedule and quantities required according to Egypt's needs of petroleum products.
Egypt’s Cabinet Aiming to Cut 25% of Imported Fuel Cost
The Egyptian government is willing to reduce the energy consumption to avoid increasing energy subsidies allocations to EGP100b in 2017 / 2018 budget.
Egypt Air Dues to Petroleum Sector Increase
Egypt Air's arrears for the Egyptian oil and gas sector increased to be EGP 8.2b in March 2017.
Egypt Seeks 2m tons of Fuel to Fill Gap
Egypt needs around 2m tons of fuel annually to fill the gap between supply and demand.
USD Price Increases Petroleum Import Bills
USD Exchange rate increases diesel and benzene import bills by $50m per day.
Egypt’s Petrobel Extends Contract for Saipem’s Jack-Up Rig
The Egyptian company Petrobel has extended a contract for Saipem’s jack-up rig for work offshore in Egypt. The Company extended the contract for the Saipem-owned Perro Negro 4 jack-up drilling rig by two additional ... Fuel Smart Card System to Provide10 Litres a Day
Sherif's Cabinet agreed on allocating ten liters of subsidized fuel a day for each citizen registered in the smart card system.
