EGPC | Egypt Oil & Gas - Part 49
Abu Bakr: EBRD to Finance GANOPE’s Projects
EGPC, EGAS, and GANOPE signed a letter of intent with the European Bank for Reconstruction and Development (EBRD) to finance a number of energy projects that the state is in need of, reported Egypt Oil & Gas.
EGPC Waiting for $300m in Delayed Aramco Shipments
The EGPC is waiting for $300m in petroleum shipments from Saudi Aramco as a part of a deal that ended in November.
DEA Completes Equity Reduction Deal in West Delta Project
DEA has completed its equity restructuring deal in the West Nile Delta.
Israeli Delegation Sent to Cairo over Gas Lawsuit
Egypt will receive an Israeli delegation sent to discuss the recent ICC ruling over disrupted Egyptian gas exports to Israel.
EGPC Denies Negotiations over Dollar Repayments
The EGPC denies reports that it is seeking to delay dollar repayments to creditors, in light of Egypt's current foreign currency shortage.
EGPC Seeks to Delay Dollar Payments to Banks
The Egyptian General Petroleum Company is negotiating with banks to delay dollar payments it owes, as foreign currency requirements are not being met by the Egyptian Central Bank.
Gas Ruling Forces Egypt to Pay $2b to Israel, Government to Appeal
The International Chamber of Commerce has ruled against the EGPC and EGAS in its long-standing contract dispute with Israel over halted gas exports. The Egyptian government is appealing the ruling and has halted curr ...
CBE Unable to Meet EGPC’s Dollar Needs
The Central Bank of Egypt is unable to provide the Egyptian General Petroleum Corporation with its monthly requirement of $700m for the import of petroleum and gas materials and the payment of loans from foreign banks.
