Egypt | Egypt Oil & Gas - Part 369
Egypt to Repay Half IOCs Arrears
Egypt will repay half of its dues to international oil company during 2017.
EGPC in Talks to Borrow EGP 10b
The Egyptian General Petroleum Corporation (EGPC) is in talks to borrow an amount of EGP 10b from a CIB-led alliance. El Molla: “2020 is the year for Egypt to Export Gas”
Egyptian Minister of Petroleum and Mineral Resources stated that by 2020 Egypt will have gas surplus enough for exportation.
Schneider Electric Eyes Part in Egypt’s Nuclear Program
After its construction; France's Schneider Electric is aiming to be responsible for energy control and distribution in Egypt's Al Dabaa nuclear power plant by 2019.
Egypt to List 24% of Enppi in EGX
The Ministry of Petroleum and Mineral Resources will list 24% of the shares of Engineering for the Petroleum and Process Industries (Enppi) in the Egyptian Bourse.
BP Announces Third Gas Discovery in North Damietta
BP announced another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 meters in water depth of appr ...
Egypt Receives $1b from WB
The World Bank (WB) announced that it released $1b to Egypt as the second tranche of its $3b loan agreement signed with the Arab country in December 2015.
AMOC Chooses BNY Mellon to Run GDR Program
Alexandria Mineral Oils Company (AMOC) chose the BNY Mellon bank to run its global depositary receipt (GDR) program. It will also hire Baker and McKenzie as the legal consultant.
