EGPC | Egypt Oil & Gas - Part 62
Banque du Caire Issues Letters of Credit Worth $36m to EGPC
Ayman Mukhtar, General Director of the Banque du Caire’s Corporate Credit Sector, announced that his bank has agreed this week to open a credit line worth m for EGPC to import crude oil. In statements made to Al-Bours...
Consortium of 10 Banks to Loan the EEHC
A consortium of ten banks is offering a loan of $1.3bn, EGP 10bn, of financing to the state-run Egyptian Electric Holding Company (EEHC) with new terms, reported Amwal al Ghad. The new loan will be secured without req...
Egypt Opens Bid for Diesel Imports
Egyptian General Petroleum Corporation (EGPC) revealed on Friday a bid to import four shipments of diesel oil (768,000 tons), in efforts to provide the required fuel needed to supply electricity stations during the su...
Egypt’s LNG Imports to Hit $3.55 bn
Egypt will import around $3.55 bn worth of liquefied natural gas (LNG) in the current financial year, an EGPC official said to Reuters on Tuesday. “The cost of the LNG that will be imported during 2015-2016 will...
PetroSilah to Open First Mobile Oil Refinery in Egypt
PetroSilah Petroleum is working on launching the first mobile oil refinery in Egypt, with production capacity of 10,000 b/d and an initial cost of $5m, Chairman Taher Abdel Rahim announced in a statement on Sunday. Th...
EGPC to Receive $3bn Loan from IDB
During the EEDC and in the midst of an environment promoting economic development in Egypt, Minister of International Cooperation Naglaa Al-Ahwany and the Director of IDB Ahmed Mohamed Ali signed an agreement granting...
Egypt’s Petroleum Minister Sherif Ismail Speaks About Planned New Regulatory Agency
The total bill for fuel subsidies during the first half of the current fiscal year (July to December 2014) was EGP 7.44 billion pounds, said Minister of Petroleum and Mineral Resource Sherif Ismail in an interview wit...
EGPC Owed EGP195 Billion; mainly by Ministries of Finance, Electricity, and Transport for Oil and Fuel Delivered.
The dues owed to EGPC from government agencies rose to EGP195 billion by the end of the month of January, compared to 170 billion at the end of October 2014. In exclusive statements made to Al-Boursa EGPC CEO Tariq Al...
