Egypt | Egypt Oil & Gas - Part 231

Egypt to Introduce Fuel Pricing Mechanism on 95-Octane in April

Egypt will introduce an automatic price indexation mechanism on 95-octane benzene in April 2019.

CORC to Refine 7.8 M tons of Petroleum in FY 2019/20

The 7.8 million tons will be refined at the Mostorod and Tanta refineries, and will include 750,000 tons belonging to Egyptian Refining Company (ERC).

SOPC to Produce 2 M tons of Petroleum Products in 2019/20

The company will conduct a number of projects with investments around EGP 700 million.

Petrogas to Fill 308 Butane Cylinders in 2019/20

The company plans to keep, develop and increase the efficiency of productive assets, in addition to conducting rehabilitation and renewal processes on the equipment of the health, safety and environment (HSE) syst ...

Egypt Adds 240,000 b/d of Crude Oil in 2018

The Egyptian oil and gas sector added 240,000 barrels per day (b/d) of crude oil to production in 2018, according to a source at the Ministry of Petroleum.

Egypt Delays Red Sea E&P Bid Round until Q1 2019

Ganoub El Wadi Petroleum Company (Ganope) has postponed the Red Sea exploration and production (E&P) bid round to Q1 2019.

Waseem Wahdan Appointed Head of Petrotrade

The Egyptian Minister of Petroleum, Tarek El Molla, issued a new appointment assigning Waseem Abdel Salam Wahdan the role of head of Petrotrade.

El Molla Reviews Strategies for Turning Egypt into Regional Energy Hub

Minister of Petroleum, Tarek El Molla, chaired the meeting of the governmental committee formed upon a decree by Prime Minister, Mostafa Madbouly, to follow up on the project to turn Egypt into a regional energy h ...

Shell Increases Idku LNG Exports to 520 mmscf/d

Egypt’s liquefied natural gas (LNG) exports via the Idku liquefaction plant have increased by 73.3% since November to reach 520 million standard cubic feet per day (mmscf/d).

Egypt Pays $3.1/mtu for Gas from North Alexandria, WDDM Fields

The Egyptian General Petroleum Corporation (EGPC) pays $3.1 per 1 million thermal unit (mtu), which is the minimum price stated in the agreement with BP, from the North Alexandria and West Delta Deep Marine (WDDM) ...

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