Egypt | Egypt Oil & Gas - Part 423
EGPC Boosts Petroleum Products by 10%
he Egyptian General Petroleum Corporation (EGPC) announced an increase in the domestic market supply of petroleum products by 10% to meet the expected increase in demand during the feast, reported Al Mal.
Exclusive: GUPCO Resumes Gas Production at M8 Gas Processing Complex
Production had been effectively halted at GUPCO’s M8 gas processing unit and its attendant platforms after a fire that broke out in one of its connecting pipelines in 2004.
Egypt Signs Protocol to Establish Nuclear Power Technical School
The technical education and training ministry signed a protocol with the ministry of electricity to established a technical school in the field of nuclear power.
Update-1: Egypt’s Deal with Roseneft
Egypt and Russia's top oil producer Rosneft have signed two initial deals for the supply of petroleum products and liquefied natural gas to Cairo, the two sides said on Tuesday.
Egypt’s Debt to Foreign Oil Companies Up by 6.1%
Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday.
Sisi Ratifies New Budget, $8m Earmarked for Fuel Subsidies
Egypt's President Abdel Fattah El-Sisi on Thursday ratified the state budget for the fiscal year 2015/16 following amendments by the ministry of finance to slash projected budget deficit, according to Egyptian state TV.
IFC to Give $50m Loan to Egypt’s PICO
IFC, a member of the World Bank Group, is providing a $50 million loan to Cheiron Finance Limited, a subsidiary of Egypt’s PICO International Petroleum, in an effort to bolster energy supplies in the Arab World's mos ...
Unstable Gas Supplies Affect Ezz el Dekheila
Egypt steel producer Al-Ezz Dekheila Steel Company, owned by Ezz Steel, announced Monday it has registered EGP 116m in net losses in the first quarter (Q1) of 2015. The latest figures are down from the EGP 144m in ne ...
