EGPC | Egypt Oil & Gas - Part 55
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, Al Mal reports. EGPC Head, Mohamed Al-Masry said that the money was to serve to repay some of its debts ... 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 Cooperation, Daily News Egypt informs. The report came as Egypt and Saudi Arabia were in ... EGPC: New Mechanisms to Rationalize Energy Subsidies
An EGPC source revealed to Egypt Oil & Gas details of new plans to rationalize energy subsidies for the current budget without raising fuel prices in the local market. The aim of the plans is to eliminate a budget...
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 Egyptian General Petroleum Corporation (EGPC), Egyptia...
Egypt-Israel Suit to Be Resolved through Negotiations
The Egyptian government expects the current gas dispute with Israel to be settled through negotiations, Daily News Egypt reports. An anonymous government official told the paper that because Israeli gas crosses Egypti...
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. Source at EGPC confirmed that Sherif Ismail, Egyptian Prime Minister, has ordered the...
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. Hea...
EGPC Waiting for $300m in Delayed Aramco Shipments
The Egyptian General Petroleum Company (EGPC) has urged Saudi’s Aramco to provide $300m in delayed petroleum shipments that were a part of a $1.4b deal that was due to end last November, Daily News Egypt reports...
