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, 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 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 ...
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 ...
Sources at EGPC revealed that the rise in the dollar value will increase the crude oil and petroleum derivatives import bill to reach $ 1.3b a month in comparison to the previous range of $1.1b-1.2b, reported Al-Mal.
Egypt Oil & Gas learned that Petroleum Minister Tarek El Molla appointed Mohamed Al-Masry as Head of the Egyptian General Petroleum Corporation (EGPC).
Egypt Oil & Gas learned that Tarek El Molla, Minister of Petroleum and Mineral Resources, held an extended meeting with heads of fuel distribution companies in Egypt to put together an advanced strategy for distribut ...
A state official told Egypt Oil & Gas that higher dollar exchange rates in the local market are threatening the ability of the Egyptian government to repay debt installments to international oil companies (IOCs), esp ...