EGPC | Egypt Oil & Gas - Part 56
EGPC Denies Negotiations over Dollar Repayments
The Egyptian General Petroleum Corporation (EGPC) issues a press release denying any claim that it intends to delay the dollar payments it owed. “The EGPC is on track and on time with its payment of dues to othe... EGPC Seeks to Delay Dollar Payments to Banks
The Egyptian General Petroleum Company is negotiating with banks to delay dollar payments it owes, Reuters reports. The size of the loans being negotiated has not been released. “We are in negotiations to delay ...
Gas Ruling Forces Egypt to Pay $2b to Israel, Government to Appeal
The International Chamber of Commerce (ICC) has ruled against the Egyptian General Petroleum Corporation (EGPC) and the Holding Company for Natural Gas (EGAS) in its long-standing contract dispute, Reuters reports. Th... CBE Unable to Meet EGPC’s Dollar Needs
The Central Bank of Egypt (CBE) is unable to provide the Egyptian General Petroleum Corporation (EGPC) with its monthly requirement of $700m for the import of petroleum products, natural gas, as well as the payment of... Eni’s Zohr is Expected to Produce Only 22 TCF
The Egyptian General Petroleum Corporation (EGPC) Chairman Mohammed Al-Masry told Egypt Oil & Gas that EGPC agreed totally with the head of Italy’s Eni that the Zohr giant gas field needed to enter into production...
EGPC to Take New Measures for the Transportation, Storage of Fuel
Mohammed Taher, EGPC Vice Chairman for Petroleum Projects and Planning, said that EGPC is taking new measures for the storage and transport of fuel within the provinces to prevent jams in front of fuel stations, repor...
Dollar Decline to Save Egypt 200m a Month in Subsidies
A source at EGPC told Egypt Oil & Gas that the local decline in the value of the dollar is a positive factor in ensuring that the amount allotted to energy subsidies in the state budget is not surpassed. Subsidies...
$48m Investment for the Storage and Distribution of Butane in Upper Egypt
EGPC is implementing two projects to store, transfer and trading of LPG in Upper Egypt, at a total cost exceeding $48m, reported Al-Mal. As for the details of the ongoing projects, the first is targeted at increasing ...
