Egypt | Egypt Oil & Gas - Part 330

Egypt to Collect EGP 70b in Tax Disputes

The Egyptian government approved a draft bill that would settle over 6,000 tax dispute cases worth about EGP 47b ($5.29b), in addition to 150 civil disputes. The total value of uncollected tax arrears has reached EGP ...

Egypt’s FX Reserves Dropped to $15.5b in July

Egypt’s foreign-currency reserves dropped by 11% in July and net international reserves reached $15.5b, after authorities repaid about $2b in debt. This is the biggest drop in FX reserves that Egypt has faced in 16 y ...

MENA Expands its LNG Import Facilities

The MENA region is forecast to become the world’s second-largest gas-importing area by 2040, as the countries invest around $10.3b in LNG-importing facilities.

Oil Expert: IMF Loan is a Trap

'The International Monetary Fund (IMF) is a trap meant to drown Egypt in foreign loans and if Egypt accepts it, the country may soon declare bankruptcy,' said Ibrahim Zahran, a petroleum expert, in an exclusive inter ...

Descalzi: Eni Is Keeping Balance by Lowering Costs

In an Interview with Bloomberg, Eni's CEO, Claudio Descalzi, stated that the company is keeping balance by lowering costs to the level of $20 per barrel.

Oil Minister Appointed New Heads of Three Petroleum Companies

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla announced changes in the management of three petroleum firms.

GASCO Mulls $605m Investment in Gas Projects

GASCO studies a project to transport gas from Raven field in the North of Alexandria worth $105m and investing $500m in the second phase of a project to boost ethane-propane production in Western Desert.

Weatherford Egypt Witnesses Workers’ Protest

Fifty workers at Weatherford Egypt, an energy service company, staged a sit-in protest in front of the company's headquarter in Cairo, raising objections to a recent decision by the company to terminate their employm ...

Egypt: Fuel Prices Will Not Rise over IMF Loan

During negotiations with the IMF, the Egyptian government confirms that no changes will occur to current fuel prices and other reform efforts.

Egypt, France Sign $76.5m Gas-to-Homes Agreement

Egypt and France have signed a grant agreement worth $76.5m to be allocated to gas-to-homes projects, according to the Ministry of International Cooperation's official website.

Page 330 of 388

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