EGPC | Egypt Oil & Gas - Part 42
Mostorod Refinery to Finalize in 2017
The Egyptian Refining Company will complete its refining project in Mostorod within the first quarter of 2017.
Egypt, ITFC Signed Export Funding Deal
Egypt has signed a letter of intent for supporting the country’s export financing sector with the International Islamic Trade Finance Corporation (ITFC).
Aramco Stopped Oil Supplies to Egypt
Saudi Aramco has informed the Egyptian General Petroleum Corporation (EGPC) in early October of its inability to supply Egypt with shipments of petroleum products.
EGPC to Import 665,000t of Gasoil
The Egyptian General Petroleum Corporation (EGPC) will receive up to 665,000t of gasoil over 19 cargos. The shipments will be delivered in November.
APICORP to Lend $100m to EGPC
The Arab Petroleum Investments Corporation (APICORP) arranged a $100m Murabaha Financing Facility for Egyptian General Petroleum Corporation (EGPC)
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.
