EGPC | Egypt Oil & Gas - Part 42
Egypt’s Oil Sector to Get $200m Loan from World Bank
The World Bank will grant the Egyptian Ministry of Petroleum a $200m loan. The amount is part of a $1b loan agreement recently signed by both parties, part of which is earmarked to pay dues to foreign oil companies.
Egypt to Import 3m Barrels of Crude Monthly from Kuwait
Egypt and the Kuwait Petroleum Corporation (KPC) have signed an agreement to supply Egypt with up to 3m barrels of oil per month through September, as well as solar and jet-fuel supplies worth $1.2b annually.
El Molla: Egyptian-UAE Energy Ties are Strong, Positive Outlook for 2016
Egypt and UAE have become close across the economic and political spheres over the past three years, Egyptian Petroleum Minister, Tarek El Molla said, as Cairo has been receiving a flow of broad support from the UAE ...
Israeli Government Approves Gas Exports to Egypt
The Israeli government has approved gas exports to Egypt, while negotiations over the International Chamber of Commerce's arbitration ruling still have not been completed.
EGPC Payment Delays are Contractually Legal
Payment delays by the EGPC for crude oil and natural gas imports are legal, according to a source at the EGPC.
EGPC May Receive Part of WB Loan to Pay Debts
The Egyptian General Petroleum Company (EGPC) may receive a portion of the $3b World Bank loan granted to Egypt, although reports vary. EGPC Presents Monthly Needs to International Cooperation Ministry
The Egyptian General Petroleum Corporation (EGPC) presented its monthly petroleum needs report to the Ministry of International Corporation. EGPC: New Mechanisms to Rationalize Energy Subsidies
The EGPC is implementing new plans to rationalize energy subsidies for the current budget without raising fuel prices in the local market.
