EGPC | Egypt Oil & Gas - Part 53
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.
Shell, EGPC in Talks About Al-Abyad Shale Gas Price
Royal Dutch Shell and the Egyptian General Petroleum Corporation (EGPC) are in discussions over the price of shale gas that will be produced in the Al-Abyad area for the first time in Egypt.
EGPC Calls on Cabinet to Approve Interest Payments
EGPC has addressed the Council of Ministers for the approval for interests payments worth EGP 2.7b on a loan guaranteed by the Ministry of Electricity, learned Al-Borsa.
Egypt Air Debt to EGPC Climbs to EGP 5.9b
Egypt Air's dues owed to EGPC jumped to EGP 5.9b by the end of July compared to 5.7b in the month of April 2015. This is the result of the Egypt Air's decision to stop paying the full value of the fuel it receives an ...
Independent Gas Regulator Plan Released for Egypt
Al-Borsa newspaper was able to get hold of the summary of the project for setting up an independent gas regulator in Egypt, put together by the European Union's Technical Assistance for the Reform of Energy Sector (T ...
