Egypt | Egypt Oil & Gas - Part 391

Egypt Owes $3.6b in Oil Arrears

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt's debt towards international oil and gas companies (IOC) increased from $3.2b to $3.58b as of the end of September.

EU to Fund Egypt with $142m

EU’s Head of the European Neighborhood Policy and Enlargement Negotiations, Johannes Hahn, will sign a $142.17m funding package to support social and economic reforms in Egypt.

East-Med Trilateral Summit Held in Cairo

Cypriot President Nicos Anastasiades and a Greek ministerial delegation, headed by Prime Minister Alexis Tsipras, have arrived in Cairo take part in a tripartite summit with leaders from Greece and Egypt on mutual co ...

Egypt Paid EGP 300,000 for Rooftop Solar Power

North Cairo Electricity Distribution Company will issue cheques amounting to EGP 300,000 for 15 entities contributing in the government's initiative to buy solar power from small plants atop buildings.

Local Firms Sue EGAS for Price Hikes

Delta Company for Fertilizers and Chemical Industries and Delta Steel filed lawsuits against the Egyptian Natural Gas Holding Co (EGAS) for increasing gas prices from $3 per 1m thermal units to $4.5.

Kuwait Waived $1.2b Claim Against Egypt

Bawabet Al Kuwait Holding Company officially waived it's claim against the Egyptian government in regarding gas supplies to AlexFert.

Aramco Stopped Oil Supplies to Egypt

Saudi Aramco has informed the Egyptian General Petroleum Corporation (EGPC) in early October of its inability to supply Egypt with shipments of petroleum products.

SDX Revealed South Disouq’s Seismic Results

SDX Energy Inc. revealed that the quality of the 115 sq.mile 3D seismic data acquired over the South Disouq concession surpassed expectations.

Egypt Paid $2.35b to Siemens

The Egyptian Ministry of Electricity paid $2.35b to Germany's Siemens for construction work in addition to providing turbines and equipment for Burullus power plant, Beni Suef Power Plant, and New Capital Power Plant.

Egypt Owes EGP 200b to EGPC

The Egyptian General Petroleum Corporation (EGPC) has EGP 200b unpaid dues from government ministries and state-owned institutions for providing them with petroleum products and derivatives.

Page 391 of 456

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