Egypt | Egypt Oil & Gas - Part 379

EGPC Hedged USD on Weekly Basis

International oil companies (IOC) operating in Egypt pay contractors at an exchange rate that is set weekly by the Egyptian General Petroleum Corporation (EGPC).

Sino Tharwa Participated in Rig Rentals Tender

Egypt's Sino Tharwa bid in the tender that was launched by Saudi Arabian American Oil Company (ARAMCO) to rent out three drilling rigs.

Bapetco Produces 500mcf/d of Gas

Badr El Din Petroleum (Bapetco)'s CEO, Emad Hamdy, stated that the company's production has reached an estimated 500mcf/d of natural gas.

El Molla Reviewed 2017/2018 Plans

Egyptian Minister of Petroleum chaired general assemblies for Suez Oil Processing Company (SOPC) and Nasr Petroleum Company

Egypt to Invest $17m in Gas Developments

The Egyptian Ministry of Petroleum and Mineral Resources will execute 11 development projects for $17.5m

Enppi, AMOC to Go Public

Engineering for the Petroleum & Process Industries (Enppi) and Alexandria Mineral Oils Company (AMOC) will launch an initial public offering (IPO) during 2017.

Egypt, Cyprus Talked Hydrocarbon

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Head of the Cypriot Ministry of Hydrocarbon Energy Activities, Stelios Nakulides.

Egypt’s Fuel Exports Declined in 2016

Egyptian fuel exports decreased by 22.6% during the period from January 2016 to September 2016 as Egypt exported for EGP 16.2b

Egypt Pushed Back Interconnection Tender with S. Arabia

The Egyptian Electricity Transmission Company (EETC) delayed opening envelopes for the Egyptian-Saudi electrical interconnection cables and transformers tender until February 2017

EETC Invited Firms to Bid on Transformer Stations

The Egyptian Electricity Transmission Company (EETC) invited six Egyptian and International companies to build four transformer stations with $250m in investments.

Page 379 of 473

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