EGPC | Egypt Oil & Gas - Part 45

Electricity Ministry Borrows EGP 5b to Pay EGPC

The Egyptian Ministry of Electricity agreed to obtain a loan worth EGP 5b to pay its dues to the Egyptian General Petroleum Corporation (EGPC) as the ministry needs to pay for fuel provided to power plant.

EGPC to Expand Oil, Diesel Import

The Egyptian General Petroleum Corporation (EGPC) is currently in negotiations with foreign importers to provide oil and diesel to create massive strategic reserves to cover market demands.

Obituary: Dr. Eng. Hamdy El Banbi Passed Away

Egypt Oil&Gas is saddened to announce that Dr. Eng. Hamdy El Banbi, Egypt's former Oil Minister, passed away at the age of 81.

Oil Ministry, Apache to Amend Oil Agreement

Egyptian President Abdel Fattah al-Sisi issued a decree granting the Petroleum Ministry the permission to amend the agreement on oil exploration in Khalda region in Western Desert.

Egypt Evaluates Gas Prices in Market Liberalization Efforts

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the Egyptian General Petroleum Corporation (EGPC) gives priority to reforms within the gas market in order to guarantee that energ ...

Eni to Drill Sixth Well in Egypt’s Zohr Field

An official at the Egyptian General Petroleum Corporation (EGPC) stated that the drilling of the sixth well of the Zohr gas concession is scheduled to start in January 2017.

Egypt Saw 10% Rise in Fossil Fuel Usage

An official of the Egyptian Ministry of Petroleum said that the ministry has detected 10% increase in local usage of fossil fuel across all the governorates.

Oil Ministry Held Progress Workshop

The Egyptian Minister of Petroleum, Tarek El Molla, presided over a ministry's workshop aimed at studying suitable methods to improve oil and gas sector in Egypt, formulate a vision and outline a plan for the coming ...

Egypt’s Foreign Debt to IOCs Drops to $3.2b

The Egyptian government decreased the oil and gas sector’s foreign debt to $3.2b, while budgeting $2.5b for LNG imports.

Egypt Reduces Debts to IOCs to $3.4b

Egypt has reduced the arrears it owes to foreign oil companies by $100m to $3.4b in 2015/2016, compared to the previous year, declared the Petroleum Minister, Tarek El Molla.

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