EGPC | Egypt Oil & Gas - Part 50
Electricity Ministry Requests Greater Financial Support to Pay EGPC
The Ministry of Electricity has sent an official letter to the Ministry of Finance requesting an extra EGP500m per month to be able to better pay its debts to the EGPC.
Egypt-Israel Suit to Be Resolved through Negotiations
The Egyptian government expects the current gas dispute with Israel to be settled through negotiations due to Egypt's importance as a terminal for Israeli gas exports.
Government to Test LPG Card System
The government of Egypt is interested in implementing an LPG card system to help tackle black market, Egypt Oil & Gas reported.
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.
