EGPC | Egypt Oil & Gas - Part 47
ERC to Payoff Mostorod Loans in 2018
The Egyptian Refining Company will begin paying off the first installment of external loans for the company's refining project at Mostorod starting 2018, immediately following the project's launch.
Egypt to Settle Power Plants’ Gas Bill
Starting January 2017, the Ministry of Electricity plans on settling it's outstanding dues of EGP 60b for gas purchases used in fueling power stations.
Mostorod Refinery to Finalize in 2017
The Egyptian Refining Company will complete its refining project in Mostorod within the first quarter of 2017. Egypt, ITFC Signed Export Funding Deal
Egypt has signed a letter of intent for supporting the country’s export financing sector with the International Islamic Trade Finance Corporation (ITFC).
Aramco Stopped Oil Supplies to Egypt
Saudi Aramco has informed the Egyptian General Petroleum Corporation (EGPC) in early October of its inability to supply Egypt with shipments of petroleum products.
EGPC to Import 665,000t of Gasoil
The Egyptian General Petroleum Corporation (EGPC) will receive up to 665,000t of gasoil over 19 cargos. The shipments will be delivered in November.
APICORP to Lend $100m to EGPC
The Arab Petroleum Investments Corporation (APICORP) arranged a $100m Murabaha Financing Facility for Egyptian General Petroleum Corporation (EGPC)
Shell, BP Bid on Egypt’s Petroleum Tender
Royal Dutch Shell and UK's BP have submitted bids in a Egypt's petroleum tender with Shell bidding for the Western Desert concession, and BP for the Gulf of Suez.
