EGPC | Egypt Oil & Gas - Part 57

EGPC to Issue New Bid Round in December

Sources at the Egyptian General Petroleum Corporation (EGPC) have informed Egypt Oil & Gas that a new bid round will be announced at the end of December 2015. The bid round will offer new areas in the Western Dese...

EGPC Secures Revolving Letter of Credit to BP

Osama Kamal, Former Minister of Petroleum, has told Daily News Egypt that BP’s North Alexandria deal includes a revolving letter of credit worth the contractor’s share value in the gas that is renewed every thre...

Tarek El Molla: Egypt to Issue New Bid Rounds Soon

Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry plans to issue several bid rounds for exploration throughout the year, by EGAS, EGPC, and Ganope, reported Egypt Oil & Gas. El Mo...

EGPC to Boost Fuel Supply

EGPC Vice Chairman for Operations, Amr Mostafa, told Egypt Oil & Gas that a decision was taken to pump 38,000 tons of diesel and 18,000 tons of gasoline to all fuel stations in the country to eliminate some of the...

Oil Ministry in Negotiations with IOCs for LNG

A source at EGPC revealed to Egypt Oil & Gas that the Ministry of Petroleum is in negotiations with a number of foreign oil companies to buy their share of liquefied natural gas (LNG) to meet the growing needs of ...

Petroleum Products Imports to Increase to $1.3b/Month

Sources at EGPC revealed that the rise in the dollar value will increase the crude oil and petroleum derivatives import bill to reach $ 1.3b a month in comparison to the previous range of . 1b-1.2b,  reported Al-Mal. ...

Introducing the New EGPC Head: Mohamed Al-Masry

Name / Mohammed Ahmed Ali Hassan (Mohammed Al-Masry) Date of Birth: December 14, 1959 University: Cairo – Specialization: Petroleum Engineering – date of graduation: 1982 Experience: – Began as a Production Engi...

Mohamed Al-Masry Appointed Head of EGPC

Egypt Oil & Gas learned that Petroleum Minister Tarek El Molla appointed Mohamed Al-Masry as Head of the Egyptian General Petroleum Corporation (EGPC). Al-Masry served previously as Vice Chairman of Operations for...

Fuel Trucks and Stations to Be Monitored Electronically

Egypt Oil & Gas learned that Tarek El Molla, Minister of Petroleum and Mineral Resources, held an extended meeting with heads of fuel distribution companies in Egypt to put together an advanced strategy for distri...

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 pay debt installments to international oil companies (IOCs), es...

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