Egypt | Egypt Oil & Gas - Part 410
EGPC, ADNOC Negotiating Fuel Shipments and Payments
The EGPC is currently in negotiations with Abu Dhabi National Oil Company (ADNOC) for shipments of petroleum products and payment facilitations. El Molla: Egypt “Suffering” from Subsidies
Egyptian Petroleum Minister, Tarek El Molla, said that Egypt is “suffering” from fuel subsidies and that funding for subsidies are better spent on other areas, such as health and education.
Libyan Oil Pipeline Hit by Blast
A major Libyan oil pipeline south of Ras Lanuf was hit with an explosion on December 14th.
Dana Gas to Cut Costs at Home, Boost Investment in Egypt
UAE's Dana Gas announced its decision to slash its head office workforce by 40%, and cut administrative costs by 50%. The move is part of the evaluation and cost cutting process, which the company adopted in 2015.
Egypt to Receive $99m Loan from Kuwait
The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have finalized an agreement for a $99m (KWD 30m) loan for Egypt. The loan will be directed towards funding a project that will expand ...
Egypt Lures Chinese Investment in Electricity, Transportation
An Egyptian-government committee has decided on a series of projects in electricity generation, construction, and transportation designated for bilateral cooperation with China, which will be offered to the Chinese d ...
Russian Business Delegation to Visit Egypt in Mid-January
A number of Russian firms will visit Egypt in mid-January to discuss investment in the fields of power, agriculture, tourism, and automotive.
Leviathan Partners and BG Negotiating $30b Egypt Gas Deal
The partners in Israel’s Leviathan Gas Field are close to an agreement with British Gas (BG) to export gas to Egypt. The $30b deal is expected be signed before BG is purchased by Shell in late January.
