The Egyptian General Petroleum Corporation (EGPC) paid $480m in loan dues for Shell's Edco liquefaction factory since the facility halted operations in 2012.
Egypt's Misr Iran Bank will fund EGP 200m to two government authorities, the Ministry of Electricity and Renewable Energy and the Ministry of Petroleum and Mineral Resources, with each getting EGP 100m in funding.
International oil giant, Shell Petroleum Company, discovered a new gas field in Alam El Shawish concession area in the Western Desert, informed Egypt Oil&Gas citing an exclusive press release by Shell Egypt.