EGPC | Egypt Oil & Gas - Part 50
Dollar Decline to Save Egypt 200m a Month in Subsidies
A source at EGPC told Egypt Oil & Gas that the local decline in the value of the dollar is a positive factor in ensuring that the amount allotted to energy subsidies in the state budget is not surpassed.
$48m Investment for the Storage and Distribution of Butane in Upper Egypt
EGPC is implementing two projects to store, transfer and trading of LPG in Upper Egypt, at a total cost exceeding $48m.
Egypt to Import Fuel Oil from RosNeft
The Egyptian General Petroleum Corporation (EGPC) has agreed to import six shipments of fuel oil (mazot) from Russia's RosNeft, by the end of 2015, said Petroleum Minister, Tarek El Molla.
EGPC to Issue New Bid Round in December
Sources at the Egyptian General Petroleum Corporation (EGPC) have informed Egypt Oil & Gas that a new bid round will be announced at the end of December 2015.
EGPC Secures Revolving Letter of Credit to BP
Osama Kamal, Former Ministry of Petroleum, told Daily News Egypt that the North Alexandria deal includes a revolving letter of credit worth the contractor’s share value in the gas that is renewed every three months.
Tarek El Molla: Egypt to Issue New Bid Rounds Soon
Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry plans to issue several bid rounds for exploration throughout the year, by EGAS, EGPC, and Ganoub El Wadi petroleum holding company, ...
EGPC to Boost Fuel Supply
EGPC Vice Chairman for Operations, Amr Mostafa, told Egypt Oil & Gas that a decision was taken to pump 38,000 tons of diesel and 18,000 tons of gasoline to all fuel stations in the country to eliminate some of the tr ...
Oil Ministry in Negotiations with IOCs for LNG
A source at EGPC revealed to Egypt Oil & Gas that negotiations with a number of foreign oil companies are underway to buy their share of liquefied natural gas (LNG) to meet the needs of power plants and factories suf ...
