The Egyptian government expects the current gas dispute with Israel to be settled through negotiations due to Egypt's importance as a terminal for Israeli gas exports.
EGPC, EGAS, and GANOPE signed a letter of intent with the European Bank for Reconstruction and Development (EBRD) to finance a number of energy projects that the state is in need of, reported Egypt Oil & Gas.
The Egyptian General Petroleum Company is negotiating with banks to delay dollar payments it owes, as foreign currency requirements are not being met by the Egyptian Central Bank.
The International Chamber of Commerce has ruled against the EGPC and EGAS in its long-standing contract dispute with Israel over halted gas exports. The Egyptian government is appealing the ruling and has halted curr ...
The Central Bank of Egypt is unable to provide the Egyptian General Petroleum Corporation with its monthly requirement of $700m for the import of petroleum and gas materials and the payment of loans from foreign banks.