EGPC | Egypt Oil & Gas - Part 59
Kuwait Petroleum Corporation to Establish Office in Egypt
The Kuwait Petroleum Corporation (KPC) will establish an office in Egypt as part of an agreement, Tarek El Molla, CEO of the Egyptian General Petroleum Corporation (EGPC) told Egypt Daily News. With Egypt importing 1... Egypt Pays $600m of IOC Debt
In an interview with Daily News Egypt, Tarek El-Molla, Chairman of EGPC, confirmed the reduction of Egypt’s debt to foreign oil companies to the current $2.9b.“The foreign partners’ dues declined at the end of August ...
EGPC to Issue Tender for 3 Rigs
Egypt Oil & Gas (EOG) learned that EGPC will issue a tender before the end of this year to lease 3 rigs. The rigs are to drill 5 new wells operated by Petrobel and Khalda in the Western Desert.
Egypt to Issue Tender for 300,000 Tons of Fuel
Sources at EGPC told Egypt Oil & Gas (EOG) that a tender for importing 300 thousand tons of fuel and diesel will be issued end of September. The decision comes part of the government’s plan to have a 15 day...
Petroleum Ministry to Compensate Factories for Gas Shortages
Due to requests made by factory owners, the Ministry of Petroleum decided to supply fuel oil and diesel to cement and fertilizer factories, as a means to compensate the temporary lack of gas, reported Egypt Oil &...
Shell, EGPC in Talks About Al-Abyad Shale Gas Price
Royal Dutch Shell and the Egyptian General Petroleum Corporation (EGPC) are in discussions over the price of shale gas that will be produced in the Al-Abyad area for the first time in Egypt, reported Daily News Egypt....
EGPC Calls on Cabinet to Approve Interest Payments
EGPC has addressed the Council of Ministers for the approval for interests payments worth EGP 2.7 b on a loan guaranteed by the Ministry of Electricity, learned Al-Borsa. EGPC Chairman Tarek al-Mulla revealed that the...
Egypt Air Debt to EGPC Climbs to EGP 5.9b
Egypt Air’s dues owed to EGPC jumped to EGP 5.9b by the end of July compared to 5.7b in the month of April 2015. This is the result of the Egypt Air’s decision to stop paying the full value of the fuel it ...
