EGPC | Egypt Oil & Gas - Part 42
Shell, BP Bid on Egypt’s Petroleum Tender
Royal Dutch Shell and UK's BP have submitted bids in a Egypt's petroleum tender with Shell bidding for the Western Desert concession, and BP for the Gulf of Suez.
Correction: BP Signed 3 Amendments in Egypt
UK's BP signed amendments to three concession agreements in Egypt.
Egypt Spent EGP 51b on Fuel Subsidies
Egypt's fuel subsidies decreased during fiscal year 2015/2016 by 28.7% from the year before, to reach EGP 51b.
El Molla Signed 3 New Petroleum Exploration Deals
Egypt signed 3 new petroleum agreements with the Italian Egyptian Oil Company (IEOC), a subsidiary of Eni, and UK's BP. The deals are worth $595m and are for the exploration and production of natural gas and oil.
El Molla Chaired EGPC’s Board Meeting
Egyptian Minister of Petroleum, Tarek El Molla, chaired the Egyptian General Petroleum Corporation (EGPC) board meeting.
Oil Firms Seek EGP 1.25b Loan from NBE
State-owned Misr Petroleum Company and Petroleum Cooperative Society Company seek to have an EGP 1.25b loan from the National Bank of Egypt Hathout Appointed Chairman of Ennpi
Mohamed Abdel Rahman Hathout appointed by the minister of petroleum to be the new chairman of Ennpi Egypt Addresses Fuel Shortages
A source with the Egyptian General Petroleum Corporation (EGPC) addresses concerns over supply shortages for petroleum products.
