EGPC | Egypt Oil & Gas - Part 45
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.
EGPC, Apache Ink Five-Year Extension Agreement
Apache Corporation has signed a five-year extension agreement to its Khalda-2 drilling concession in the Western Desert.
EGPC: Oil Ministry Inked 3rd LNG Platform Deal
An official source at the EGPC said that there are five steps for securing natural gas imports, to meet all citizens' demands in local markets.
EGPC to Pay Eni in EGP
EGPC has reached an agreement with Eni to pay the Rome-based multinational oil and gas company its $650m receivables in the Egyptian pounds.
Oil Minister Held Third Review Meeting on Zohr
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the third regular committee meeting evaluating the execution phases of the Zohr field project development.
EGPC Announced International Bid Rounds
The Egyptian General Petroleum Corporation (EGPC) announced launching a new international bid round for 2016 for oil research and exploration, according to a press release received by Egypt Oil&Gas.
EGPC Official: Oil Price Rise Disfavorable to Energy Subsidies
An official at the Egyptian General Petroleum Corporation (EGPC) told Egypt Oil&Gas that the rise in oil prices that would exceed $50 a barrel may pose a threat to energy subsidies as currently itemized in the new fi ...
Egypt’s Average Gas Production Sees Declines
Egypt's Oil Ministry has published a report stating that country’s average production of natural gas declined to 3.8bcf/d in 2016, down from 4.4bcf/d in 2015.
