Egypt | Egypt Oil & Gas - Part 309

El Molla: EGPC to Launch New E&P Tenders

The Egyptian General Petroleum Corporation (EGPC) plans to launch a new exploration and production (E&P) tender for onshore oil blocks.

Power Plants Cut Natural Gas Consumption by 900 mscf/d

Natural gas consumption of Egypt's electricity generating power plants has decreased by around 900 million standard cubic feet per day (mscf/d).

ERC’s $3.7B Refinery to Come Online Next September

Operations at the Egyptian Refining Company’s (ERC) new refinery will begin next September.

Egypt’s Regional Hub Bid Boosted by Modernization

Egypt is modernizing its oil and gas sector and plans to maximize its potential by 2021.

El Molla: Egypt Planning to Make Arrears Payment

Egypt will make another payment toward its arrears to international oil companies (IOCs) before the end of 2017.

ERC Announces 22 Scholarship Recipients

The Egyptian Refining Company (ERC) announced 22 scholarship recipients under its Mostakbaly Program

Parliament Considers Changes to Industrial Natural Gas Prices

The Parliamentary Committee on Industry is considering proposals for re-pricing the natural gas sold to industrial purchasers and eliminating the property taxes on factories.

East Mediterranean Gas Company Loses Appeal

The East Mediterranean Gas Company lost its appeal of a 2016 court ruling that held the company fully responsible for the repayment of its $174 million debt to the National Bank

Monday Minute: Economic Snapshot

A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.

Egypt in Talks with Iraq to Import 24M Barrels of Oil

Egypt is negotiating with Iraq to import 24 million barrels of oil per year during 2018.

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