EGPC | Egypt Oil & Gas - Part 53
Petroleum Minister Issues New Promotions
Minister of Petroleum and Mineral Resources Tarek El-Molla issued promotions and transfers in the petroleum sector. EGPC to Issue New Bid Rounds in Q1
The Egyptian General Petroleum Corporation (EGPC) will issue a new international bid round for oil and gas exploration as Q1 comes to an end.
Hamdi Abdel Aziz: No Truth to Threats From Oil Companies
In an official press release from the Ministry of Petroleum, Hamdi Abdel Aziz, the Ministry of Petroleum’s official spokesman denied what was published in a newspaper about threats made by four oil companies to withd ...
Supplying Gas to 1.6m Households Aids Egyptian Budget
The EGPC is developing plans to connect homes in all provinces, delivering gas to 1.6m residential units, beginning with the slum areas during 2016.
Foreign Oil Investments in Egypt Total $7.5b in FY 2016-2017
Foreign energy company investments in research, exploration and development in Egypt’s oil sector in the next fiscal year amount to around $7b.
Egypt Air’s Debt to EGPC Escalates to EGP 7b
Egypt Air’s dues to EGPC have expanded to reach EGP 7b, rising from EGP 5.5b in under six months.
Egypt’s Oil Sector to Get $200m Loan from World Bank
The World Bank will grant the Egyptian Ministry of Petroleum a $200m loan. The amount is part of a $1b loan agreement recently signed by both parties, part of which is earmarked to pay dues to foreign oil companies.
Egypt to Import 3m Barrels of Crude Monthly from Kuwait
Egypt and the Kuwait Petroleum Corporation (KPC) have signed an agreement to supply Egypt with up to 3m barrels of oil per month through September, as well as solar and jet-fuel supplies worth $1.2b annually. 
