EGPC | Egypt Oil & Gas - Part 48
ERC to Payoff Mostorod Loans in 2018
The Egyptian Refining Company’s (ERC) Managing Director, Mohamed Saad, stated that the ERC will begin paying off the first installment of external loans for the company’s refining project at Mostorod starting 20...
Egypt to Settle Power Plants’ Gas Bill
A source with the Egyptian Natural Gas Holding Company (EGAS) stated to Egypt Oil&Gas that starting January 2017, the Ministry of Electricity plans on settling it’s outstanding dues of EGP 60b for gas purcha...
Mostorod Refinery to Finalize in 2017
The Egyptian Refining Company’s Managing Director, Mohamed Saad, stated that the company will complete its refining project in Mostorod within the first quarter of 2017, with the aim of addressing supply gaps in... Egypt, ITFC Signed Export Funding Deal
The Egyptian Minister of International Cooperation, Sahar Nasr, has signed a letter of intent for supporting the country’s export financing sector with the International Islamic Trade Finance Corporation (ITFC) CEO, H...
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, reported Reuters. No reasons or timeline was given fo...
EGPC to Import 665,000t of Gasoil
The Egyptian General Petroleum Corporation (EGPC) will receive up to 665,000t of gasoil over 19 cargos, each containing 30,000t to 35,000t. The shipments will be delivered in November, with 10 cargoes arriving at Alex...
APICORP to Lend $100m to EGPC
Saudi Arabia-based Arab Petroleum Investments Corporation (APICORP) arranged a $100m murabaha financing facility for the Egyptian General Petroleum Corporation (EGPC) to be over a 3 years tenor, reported Reuter. The m...
Shell, BP Bid on Egypt’s Petroleum Tender
Royal Dutch Shell and UK’s BP have submitted bids in Egypt’s petroleum tender, reported Al Mal News. An official with the Egyptian General Petroleum Corporation (EGPC) stated that Shell requested to obtain...
