Egypt Spent EGP 51b on Fuel Subsidies

• Monday, 26th September 2016
• by Sarah Samir

Egyptian Minister of Petroleum, Tarek El Molla, stated that Egypt’s fuel subsidies decreased during fiscal year 2015/2016 by 28.7% from the year before, as the country aims to reduce costly energy assistance tha...

El Molla Signed 3 New Petroleum Exploration Deals

• Monday, 26th September 2016
• by Sarah Samir

Egyptian Minister of Petroleum, Tarek El Molla, signed 3 new petroleum agreements for the Egyptian General Petroleum Corporation (EGPC) with the Italian Egyptian Oil Company (IEOC), a subsidiary of Eni, and UK’s...

El Molla Chaired EGPC’s Board Meeting

• Monday, 26th September 2016
• by Sarah Samir

In a press release to Egypt Oil&Gas, Egyptian Minister of Petroleum, Tarek El Molla, chaired the Egyptian General Petroleum Corporation (EGPC) board meeting. The minister discussed the main challenges facing the p...

Oil Firms Seek EGP 1.25b Loan from NBE

• Monday, 26th September 2016
• by Sarah Samir

State-owned Misr Petroleum Company and Petroleum Cooperative Society Company (COOP) seek to obtain an EGP 1.25b loan from the National Bank of Egypt (NBE) in order to support the working capital turnover and pay dues ...

Hathout Appointed Chairman of Ennpi

• Thursday, 22nd September 2016
• by Sarah Samir

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, assigned the Deputy CEO for Planning and Projects  of  the Egyptian General Petroleum Corporation (EGPC), Mohamed Abdel Rahman Hathout, to be t...

Egypt Addresses Fuel Shortages

• Monday, 19th September 2016
• by Sarah Samir

A source with the Egyptian General Petroleum Corporation (EGPC) ensured Egypt Oil&Gas that the amounts of diesel, benzene and butane pumped into the market are enough to cover local demands, despite claims of supp...

EGPC Paid $480m in Edco Laons

• Sunday, 18th September 2016
• by Sarah Samir

The Egyptian General Petroleum Corporation (EGPC) paid $480m in loan dues for Shell’s Edco gas liquefaction factory since the facility halted operations in 2012. A source from EGPC added that Edco pays $200m due...

EGPC to Buy 202,000 Tons of LNG

• Thursday, 8th September 2016
• by Sarah Samir

Egyptian General Petroleum Corporation (EGPC) seeks to buy 202,000 tons of LNG to be received via Suez and Alexandria ports within October 2016, , reported Al Mal News. The news was uncovered through tender documentat...

Al-Jahra SE-1X Oil Well Starts Production

• Wednesday, 7th September 2016
• by Sarah Samir

Kuwait Energy PLC announced that production of Al-Jahra SE-1X oil well located in Abu Sennan concession in Egypt’s Western Desert has started, reported Kuwait News Agency (KUNA) . The company’s CEO, Sara A...

Misr Iran Bank to Fund Energy Authorities

• Tuesday, 6th September 2016
• by Sarah Samir

Egypt’s Misr Iran Bank agreed to fund two government authorities with EGP 200m. Both the Ministry of Electricity and Renewable Energy and the Ministry of Petroleum and Mineral Resources will each get EGP 100m in...