Sino Tharwa to Market Seismic Services

• Wednesday, 18th January 2017
• by Sarah Samir

Sino Tharwa’s CEO, Ahmed Anwar, stated to Egypt Oil&Gas that the company contracted with China’s Sinopec Star Petroleum Company to become its Seismic Marketing Agency in Egypt.  The three-year contract...

Egypt to Lift Butane Subsidies by 2019

• Wednesday, 18th January 2017
• by Sarah Samir

A source at the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that the Egypt will lift subsidies from butane bottles, for wealthy citizens, by 2019 after applying butane coupons that are ex...

Egypt to Halt Diesel, Mazut Supplies to Power Plants

• Wednesday, 18th January 2017
• by Sarah Samir

A source with the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that the oil and gas sector received governmental instructions to stop pumping diesel and mazut to electricity power plants. ...

EGAS to Pump 500mcf/d of Gas to Factories

• Tuesday, 17th January 2017
• by Sarah Samir

An official at the Egyptian Natural Gas Holding Company (EGAS) stated to Egypt Oil&Gas that EGAS will pump 500mcf/d of gas to factories during January 2017 in order for the factories to continue work and to avoid ...

Egypt to Pay for Halted Fuel Cargoes

• Tuesday, 17th January 2017
• by Sarah Samir

A source with the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that the Egyptian Ministry of Petroleum and Mineral Resources will receive $250m from the Ministry of Finance within January ...

Egypt to Import Fuel from UAE

• Tuesday, 17th January 2017
• by Sarah Samir

A source with the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that Egypt is negotiating with the United Arab Emirates (UAE) to import petroleum derivatives such as benzene, diesel, and bu...

EGPC Hedged USD on Weekly Basis

• Tuesday, 10th January 2017
• by Sarah Samir

International oil companies (IOC) operating in Egypt pay contractors at an exchange rate that is set weekly by the Egyptian General Petroleum Corporation (EGPC), reported Al Ma News. Officials at small IOCs stated tha...

Egypt to Produce 705,000b/d of Oil

• Thursday, 5th January 2017
• by Sarah Samir

An official at the Egyptian General Petroleum Corporation (EGPC) stated that the oil and gas sector plans to increase production of crude oil and condensates to reach 705,000b/d before the end of June 2017. He added t...

EGPC Supplies 1m Butane Bottles Daily

• Thursday, 5th January 2017
• by Sarah Samir

The Egyptian General Petroleum Corporation (EGPC)’s CEO, Tarek El Hadidy, stated that EGPC supplies around 1m butane bottles per day during winter in order to cover local demands all over the country, reported A...

Merlon to Invest $54m in Fayoum Concession

• Thursday, 5th January 2017
• by Sarah Samir

US Merlon International Oil Company decided to invest $54m in the development and production operations at its Fayum concession in Egypt during fiscal year 2017/2018, reported Al Mal News. An official with the Egyptia...