EGPC | Egypt Oil & Gas - Part 54
Petroleum Minister Issues New Promotions
Minister of Petroleum and Mineral Resources Tarek El-Molla issued promotions and transfers in the petroleum sector. Nagi Nafadi, Chief Executive Assistant for Security Affairs at the Egyptian General Petroleum Corpora... 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, reported Al-Borsa News. Minister of Petroleum, Tarek El-Molla, explained th...
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 withdr...
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, a source at EGPC told Egypt Oil and Gas. The source explained that f...
Foreign Oil Investments in Egypt Total $7.5b in FY 2016-2017
Foreign energy companies investments in exploration, and development in Egypt’s oil sector in the next fiscal year amount to around $7b, according to Daily News Egypt. An official with the Ministry of Petroleum said t...
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, reported Al Borsa. Egypt Air has stopped paying for the fuel, which lead to the escalation of their debt, said an offi...
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, a...
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 2016, as well as solar and jet-fuel supplies worth $1.2b annually, Dai... 
