AMOC to Offer 20% Stake on EGX
Egypt's Minister of Finance, Mohamed Maait, has announced that a further 20% of the Alexandria Mineral Oils Company (AMOC) will be offered on the Egyptian Exchange Market (EGX).
Egypt | Egypt Oil & Gas - Part 270
Oil Ministry Signs $1B E&P Agreement with Shell
The Egyptian General Petroleum Corporation (EGPC) has signed an exploration and production (E&P) agreement with Royal Dutch Shell and Malaysia’s Petronas worth $1 billion.
BAPETCO Produced 120 boe/d in 2017/18: Company Head
Badr El Din Petroleum Company's (BAPETCO) production increased to 120 barrels of oil equivalent per day (boe/d) during fiscal year (FY) 2017/18.
WDDM 9B Phase Wells to Come Online in October
The first two wells from Phase 9B of Egypt’s WDDM concession are expected to come online in October 2018.
SOPC Refined 1.2M Tons of Crude Oil in 2017/18
Suez Oil Processing Company (SOPC) refined 1.2 million tons of crude oil in fiscal year (FY) 2017/18, 10% more than in the previous fiscal year.
European Company Agrees to Provide $1.5B for EuroAfrica Interconnector Project: Sources
Egypt and Cyprus have reached an agreement with an unnamed European company to provide $1.5 billion to help finance the electricity transmission project between the two countries.
Nasr Petroleum Sells EGP 1.8B Petroleum Products in FY 2017/18
Nasr Petroleum sold EGP 1.8 billion worth of petroleum products during fiscal year (FY) 2017/18 - a 21% increase in value from the previous fiscal year.
Two Egyptian Pipelines to Start Operations in 2019
The Petroleum Pipelines Company (PPC) is close to finishing the double-line Ras Bakr-Assuit pipeline.
EGAS Renews Initial Approvals for Gas Import Licenses
The Egyptian Natural Gas Holding Company (EGAS) has renewed the initial approvals for applications made by BB Energy Trading Company, TAQA Arabia, and Energy Fleet to obtain gas import licenses.
Electricity Output Jumps by 7.3% YOY in May
Egyptian electricity production jumped by 7.3% year-on-year (YOY) in May 2018, generating 17.7 megawatts per hour (MWh) compared to 16.5 MWh in May 2017.
