EGPC | Egypt Oil & Gas - Part 56
Consortium of 10 Banks to Loan the EEHC
A consortium of ten banks is offering a loan of $1.3bn, EGP 10bn, of financing to the state-run Egyptian Electric Holding Company (EEHC) with new terms.
Egypt Opens Bid for Diesel Imports
Egyptian General Petroleum Corporation (EGPC) revealed on Friday a bid to import four shipments of diesel oil (768,000 tons), in efforts to provide the required fuel needed to supply electricity stations during the s ...
Egypt’s LNG Imports to Hit $3.55 bn
Egypt will import around $3.55 bn worth of liquefied natural gas (LNG) in the current financial year, EGPC says.
PetroSilah to Open First Mobile Oil Refinery in Egypt
PetroSilah Petroleum is working on launching the first mobile oil refinery in Egypt, with production capacity of 10,000 b/d and an initial cost of $5m.
EGPC to Receive $3bn Loan from IDB
Minister of International Cooperation Naglaa Al-Ahwany and the Director of IDB Ahmed Mohamed Ali signed an agreement granting a loan of $3bn to the Egyptian government.
Egypt’s Petroleum Minister Sherif Ismail Speaks About Planned New Regulatory Agency
The total bill for fuel subsidies during the first half of the current fiscal year (July to December 2014) was EGP 7.44 billion pounds, said Minister of Petroleum and Mineral Resource Sherif Ismail in an interview wi ...
EGPC Owed EGP195 Billion; mainly by Ministries of Finance, Electricity, and Transport for Oil and Fuel Delivered.
The dues owed to EGPC from government agencies rose to EGP195 billion by the end of the month of January, compared to 170 billion at the end of October 2014.
Egypt’s Natural Gas Production to Drop by 3.6% in 2017/2018
Egypt’s Petroleum Ministry expects the country’s natural gas production to drop by 3.6% to 4.85 bcf/day in FY 2017/18 from 5.03 bcf/day in FY2014/15, while demand is expected to rise by 24% from 5.98 bcf/day to 7.42 ...
