EGPC | Egypt Oil & Gas - Part 51
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.
Eni’s Zohr is Expected to Produce Only 22 TCF
The Egyptian General Petroleum Corporation Chairman Mohammed Al-Masry told Egypt Oil & Gas that EGPC agreed totally with the head of Italy’s Eni that the Zohr giant gas field needed to enter into production to help b ...
EGPC to Take New Measures for the Transportation, Storage of Fuel
Mohammed Taher, EGPC Vice Chairman for Petroleum Projects and Planning, said that EGPC is taking new measures for the storage and transport of petroleum products within the provinces to prevent jams in front of fuel ...
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.
