EGPC | Egypt Oil & Gas - Part 52

Tarek El-Molla to be Egypt’s New Petroleum Minister

Tarek El-Molla has been appointed as the new Minister of Petroleum of Egypt, Egypt Oil & Gas has learned.

Amr Mustafa: Strategic Reserves to Resolve Gasoline Crisis at Stations

In exclusive statements made to Egypt Oil & Gas, Amr Mustafa, EGPC Vice Executive Chairman for Operations, said that the quantities of gasoline supplied today have been increased to 22,000 tons from 20,000, for both ...

Update-1: Fuel Crisis in Egypt

EGPC announced in an official statement that it will begin pumping additional quantities of gasoline—up to 10%—at all gas stations in the coming days, after the lack of 92 octane has risen to crisis levels in a numbe ...

EGPC Chairman Tarek El-Molla to Temporarily Manage Petroleum Ministry Affairs

Egypt Oil & Gas (EOG) learned that President Sisi and the new Prime Minister, Sherif Ismail, asked EGPC Chairman Tarek El-Molla to look after the affairs of the Petroleum Ministry until a new petroleum minister is of ...

ADIB to Loan EGPC $100m

The Egyptian General Petroleum Corporation (EGPC) has requested a loan from ADIB Capital worth $100m to finance imported petroleum shipments, reported Daily News Egypt.

Kuwait Petroleum Corporation to Establish Office in Egypt

The Kuwait Petroleum Corporation (KPC) will establish an office in Egypt as part of an agreement.

Egypt Pays $600m of IOC Debt

In an interview with Daily News Egypt, Tarek El-Molla confirmed the reduction of Egypt's debt to foreign oil companies to the current $2.9b.

EGPC to Issue Tender for 3 Rigs

Egypt Oil & Gas (EOG) learned that EGPC will issue a tender before the end of this year to lease 3 rigs. The rigs are to drill 5 new wells in fields operated by Petrobel and Khalda.

Egypt to Issue Tender for 300,000 Tons of Fuel

Sources at EGPC told Egypt Oil & Gas (EOG) that a tender for importing 300,000 tons of fuel and diesel will be issued end of September. The decision comes as part of the government's plan to have a 15 day stock of a ...

Petroleum Ministry to Compensate Factories for Gas Shortages

Due to requests made by factory owners, the Ministry of Petroleum decided to supply fuel oil and diesel to cement and fertilizer factories, as a means to compensate the temporary lack of gas.

Page 52 of 59

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