EGPC | Egypt Oil & Gas - Part 57

EGPC | Egypt Oil & Gas - Part 57

Elevated Dollar Value May Impede Egypt’s Ability to Pay IOCs

A state official told Egypt Oil & Gas that higher dollar exchange rates in the local market are threatening the ability of the Egyptian government to repay debt installments to international oil companies (IOCs), esp ...

ADIB and Banque Misr Partner for $105m EGPC Loan

Abu Dhabi Islamic Bank is spearheading an effort with Bank Misr to lend Egypt’s EGPC $105m.

EGPC, Kuwait Energy to Join Forces in Iraq

The Egyptian General Petroleum Corporation (EGPC) signed an agreement with Kuwait Energy, forming a joint venture that will explore in Iraq,

25% Increase in Gasoline Pumped to Sohag and Qena

In a statement made to Egypt Oil & Gas, EGPC Vice Executive Chairman for Operations, Amr Mostafa said that the company is increasing the quantities of gasoline supplied to the governorates of Sohag and Qena by an add ...

Amr Mostafa: Fuel Strategic Reserve Partially Depleted

In a statement made to Egypt Oil & Gas, EGPC Vice Executive Chairman for Operations, Amr Mostafa said that while the quantities of fuel pumped to stations during the feast (Eid-Al-Adha) were sufficient to meet the ne ...

EGPC’s Plan to Avoid Power Shortage in Eid

Egypt Oil & Gas (EOG) learned that EGPC is currently working on ensuring that no power outage occurs during the coming Eid Al Adha. EGPC has set a plan to pump 270,000 tons of diesel, 34,000 tons of fuel oil, 124m cu ...

EGPC Says Fuel Crisis is Over, Dues Paid on Schedule

In an exclusive statements made to Egypt Oil & Gas (EOG), EGPC Vice Executive Chairman for Operations, Amr Mustafa confirmed that the fuel crisis had come to an end in all provinces.

Tarek El-Molla to be Egypt’s New Petroleum Minister

Tarek El-Molla has been appointed as the new Minister of Petroleum of Egypt, Egypt Oil & Gas has learned.

Amr Mustafa: Strategic Reserves to Resolve Gasoline Crisis at Stations

In exclusive statements made to Egypt Oil & Gas, Amr Mustafa, EGPC Vice Executive Chairman for Operations, said that the quantities of gasoline supplied today have been increased to 22,000 tons from 20,000, for both ...

Update-1: Fuel Crisis in Egypt

EGPC announced in an official statement that it will begin pumping additional quantities of gasoline—up to 10%—at all gas stations in the coming days, after the lack of 92 octane has risen to crisis levels in a numbe ...

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