Egypt | Egypt Oil & Gas - Part 359
Singaporean FSRU Moves to Egyptian Port
BW Singapore FSRU has been relocated to the SUMED port in Egypt to continue its contract with EGAS.
MIDOR Increases Refining Capacity
Middle East Oil Refinery (MIDOR) raised its refining capacity by 109% in the 1st quarter of 2017 compared to the same period in 2016.
EBRD to Fund 9 Solar Plants
The European Bank for Reconstruction and Development (EBRD) will provide a $205m fund for 9 solar plants in Egypt.
UTEC Wins Contract at Zohr
UTEC will support Saipem at Zohr offshore project in Egypt.
Petroleum Ministry Settles $2.2b to IOCs
The Egyptian Ministry of Petroleum has paid total $2.2b to IOCs in 3 weeks.
Egypt Allocates Fuel Subsidies in 2017/2018 Budget
Egypt allocated EGP 145b for fuel subsidies in the budget of fiscal year 2017/2018.
Egypt Pays $40m in Dues to Dana Gas
Dana Gas received a $40m payment as part of its outstanding receivables from Egypt.
Egypt Pays $750m to IOCs
Egypt paid total $1.5b in arrears to international oil companies (IOCs) in May and June.
