EGPC | Egypt Oil & Gas - Part 54
EGPC Payment Delays are Contractually Legal
Payment delays by the EGPC for crude oil and natural gas imports are legal, according to a source at the EGPC. EGPC May Receive Part of WB Loan to Pay Debts
The Egyptian General Petroleum Company (EGPC) may receive a portion of the $3b World Bank loan granted to Egypt, although reports vary. EGPC Presents Monthly Needs to International Cooperation Ministry
The Egyptian General Petroleum Corporation (EGPC) presented its monthly petroleum needs report to the Ministry of International Corporation. EGPC: New Mechanisms to Rationalize Energy Subsidies
The EGPC is implementing new plans to rationalize energy subsidies for the current budget without raising fuel prices in the local market.
Electricity Ministry Requests Greater Financial Support to Pay EGPC
The Ministry of Electricity has sent an official letter to the Ministry of Finance requesting an extra EGP500m per month to be able to better pay its debts to the EGPC.
Egypt-Israel Suit to Be Resolved through Negotiations
The Egyptian government expects the current gas dispute with Israel to be settled through negotiations due to Egypt's importance as a terminal for Israeli gas exports.
Government to Test LPG Card System
The government of Egypt is interested in implementing an LPG card system to help tackle black market, Egypt Oil & Gas reported.
Abu Bakr: EBRD to Finance GANOPE’s Projects
EGPC, EGAS, and GANOPE signed a letter of intent with the European Bank for Reconstruction and Development (EBRD) to finance a number of energy projects that the state is in need of, reported Egypt Oil & Gas.
