EGPC | Egypt Oil & Gas - Part 58

ADIB and Banque Misr Partner for $105m EGPC Loan

Abu Dhabi Islamic Bank is spearheading an effort with Banque Misr to lend Egypt’s EGPC $105m, reported Al Mal News. The loan was previously reported by Egypt Oil & Gas when it was announced to be roughly $100m. Th...

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, reported State Information Services. Under the agreement, the Kuwaiti compan...

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 ...

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...

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...

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. This was after 22,000 tons of g...

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. The announcement was made this morning at the presidential palace. As Sherif Ismail appointed his entire c...

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 had been increased to 22,000 tons from 20,000, for both...

Update-1: Fuel Crisis in Egypt

EGPC announced 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 gasoline has risen to crisis levels in a number of stations, re...

EGPC Chairman Tarek El-Molla to Temporarily Manage Petroleum Ministry Affairs

Egypt Oil & Gas (EOG) learned that President Sisi and the new Prime Minister, Sherif Ismail, asked EGPC Chairman Tarek El-Molla to look after the affairs of the Petroleum Ministry until a new petroleum minister is...

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