Egypt | Egypt Oil & Gas - Part 361
Egypt to Execute New Petchem Projects
Egypt s taking measures to execute four new petrochemicals projects worth over EGP 1b in order to increase added value to crude products.
GUPCO to Increase Production
Gulf Of Suez Petroleum Company (GUPCO) plans to increase its production in fiscal year 2017/2018 from its EDFO concessions, Balayeem concessions and Tour Sinai concessions.
Aramco’s Shipments Remain Halted
Saudi Aramco did not send January fuel cargos. Thus the 700,000 tons cargo of petroleum derivatives was halted for four consecutive months.
Egypt to Add 300,000 Households to Gas Grid
Egypt plans to pump natural gas to 300,000 households by April 2017.
Egypt Signed New Exploration Deals
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two new oil and gas exploration agreements.
Global Connect Bought Stake in Abu Sennan Concession
Kuwait Energy announced signed a Farm-Out Agreement (FOA) for 25% participating interest in the Abu Sennan concession.
Sino Tharwa to Market Seismic Services
Sino Tharwa contracted with China's Sinopec Star Petroleum Company to become its Seismic Marketing Agency in Egypt.
Egypt to Lift Butane Subsidies by 2019
Egypt will lift subsidies on butane bottles by 2019 after applying butane coupons.
