Eni Pays $1 B over Three Years for Zohr Drilling Rig Rental
Egypt paid a total of $1 billion over three years for renting Saipem 10000 drilling rig, which is working in the Zohr natural gas field.
Egypt | Egypt Oil & Gas - Part 228
Egypt Talks $500 M with HSBC
HSBC Egypt agreed to be the financial consultant to secure a $500 million loan to finance the imports of the market's demands of diesel, benzene and mazut, in addition to paying a part of arrears to IOCs.
Egypt Pays $35 M to Dana Gas
Egypt has paid an additional $35 million to Dana Gas as a part of its overdue.
GPC Seeks EGP 2.4 B Banking Finance
The negotiations are still at the initial phases, a source at GPC noted.
Egypt Has 19,000 New Gas-Powered Vehicles in 2018
The number of cars converted to natural gas reached 256,000 vehicles since the start of the conversion activities.
Electricity Production Increases by 7.6% YOY in September 2018
Egyptian electricity production increased by 7.6% YOY in September 2018, recording 18.4 MWh compared to 17.1 MWh in September 2017.
Egypt Diesel Production Falls 5.96% in YOY
Egypt’s diesel output fell by 5.96% YOY in October 2018 recording 552,000, down from 587,000 tons in September 2017.
Egypt to Float Benzene Prices in March
Egypt plans to announce its pricing mechanism for 95-octane benzene by the end of December 2018, to start linking the product to international prices in March 2019.
Petroleum Ministry Pays $18 M/Year for Renting BW Gas Regasification Unit
The FSRU, which is not working at the moment, has a LNG cargo ready to be pumped into the national gas grid when necessary.
Egypt Targets Increasing Refineries Production by 5 M Tons
The planned increase comes to cover growing fuel demands in the light of industrial and electricity recent projects that depend on fuel, in addition to the growing market demand of benzene, diesel and butane.
