Egypt | Egypt Oil & Gas - Part 366
Cairo Hosted OAPEC Meeting
The 97th Ministerial Meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) was held in Cairo on December 22.
Egypt Owes $1.35b to Shell
Egypt's Ministry of Petroleum owes $1.35b in outstanding dues to Royal Dutch Shell for equity production from Rashid and Burullus fields’ concessions.
Fichtner to Review FiT Phase II Agreements
The Egyptian Ministry of Electricity assigned German Fichtner to review the agreement of purchasing renewable energy from investors.
Shell Lubircants, Ghabbour Auto Renewed Partnership
Shell Lubricants Company renewed its partnership with Ghabbour Auto, thus shell will still be the main supplier of engine oils in the service centers of brands associated with Ghabbour Auto.
NKB Sues National Gas Egypt for Loan Repayment
National Bank of Kuwait (NBK) has sued both National Gas Egypt and the Egyptian Natural Gas Holding Company (EGAS) before the Economic Court for the delayed repayment of a EGP 75m loan.
TransGlobe’s Assets to Hit Oil Production Targets
Canadian TransGlobe Energy announced mid-quarter update on its Egyptian assets for the fourth and last quarter in 2016.
Europe Invested $650m In Power Plant Upgrades
Egyptian Minister of Investment, Dalia Khorshid, witnessed the signing of a loan with BNP Paribas worth $650m for the development of two power stations in Assuit and west Damietta.
World Bank Approved Egypt’s $1b Loan Tranche
The World Bank's Board of Executive Directors approved the release of the second $1b tranche of the $3b loan aiming to fund Egypt's economic reform program.
