EGPC | Egypt Oil & Gas - Part 50

EGPC | Egypt Oil & Gas - Part 50

Egypt Saw 10% Rise in Fossil Fuel Usage

An official of the Egyptian Ministry of Petroleum said that the ministry has detected 10% increase in local usage of fossil fuel across all the governorates.

Oil Ministry Held Progress Workshop

The Egyptian Minister of Petroleum, Tarek El Molla, presided over a ministry's workshop aimed at studying suitable methods to improve oil and gas sector in Egypt, formulate a vision and outline a plan for the coming ...

Egypt’s Foreign Debt to IOCs Drops to $3.2b

The Egyptian government decreased the oil and gas sector’s foreign debt to $3.2b, while budgeting $2.5b for LNG imports.

Egypt Reduces Debts to IOCs to $3.4b

Egypt has reduced the arrears it owes to foreign oil companies by $100m to $3.4b in 2015/2016, compared to the previous year, declared the Petroleum Minister, Tarek El Molla.

EGPC, Apache Ink Five-Year Extension Agreement

Apache Corporation has signed a five-year extension agreement to its Khalda-2 drilling concession in the Western Desert.

EGPC: Oil Ministry Inked 3rd LNG Platform Deal

An official source at the EGPC said that there are five steps for securing natural gas imports, to meet all citizens' demands in local markets.

EGPC to Pay Eni in EGP

EGPC has reached an agreement with Eni to pay the Rome-based multinational oil and gas company its $650m receivables in the Egyptian pounds.

Oil Minister Held Third Review Meeting on Zohr

Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the third regular committee meeting evaluating the execution phases of the Zohr field project development.

EGPC Announced International Bid Rounds

The Egyptian General Petroleum Corporation (EGPC) announced launching a new international bid round for 2016 for oil research and exploration, according to a press release received by Egypt Oil&Gas.

EGPC Official: Oil Price Rise Disfavorable to Energy Subsidies

An official at the Egyptian General Petroleum Corporation (EGPC) told Egypt Oil&Gas that the rise in oil prices that would exceed $50 a barrel may pose a threat to energy subsidies as currently itemized in the new fi ...

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