Egypt | Egypt Oil & Gas - Part 427
EGAS Begins to Collects Dues Worth EGP 4B
A source at EGAS informed Al-Borsa that the dues owed to the gas holding company has reached EGP 4b with 60% of this sum coming from the government sector alone.
Sherif Ismail Meets with Industry Heads, Outlines Reformist Agenda
Sherif Ismail, Minister of Petroleum and Mineral Resources, met yesterday with the First Undersecretary of the Ministry as well as other oil sector heads to determine the course they would take in this current stage.
Siemens $1.75b Maintenance Contract Approved
Amwal Al-Ghad reported on Wednesday the Egyptian Cabinet ratified a $1.75b maintenance contract with Germany’s Siemens.
Petroleum Portfolio Expanding at National Bank of Egypt
A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE).
EGPC Calls on Cabinet to Approve Interest Payments
EGPC has addressed the Council of Ministers for the approval for interests payments worth EGP 2.7b on a loan guaranteed by the Ministry of Electricity, learned Al-Borsa.
EGAS Denies Jordan LNG Claims
In a talk with Al-Masry Al-Youm EGAS Chairman Khaled Abdel Badie strenuously denied news reports that Egypt was going to import LNG through the Jordanian port of Aqaba, reported Egypt Independent.
Egypt Signs $1.4b Saudi Aramco Deal
Egypt agreed a three-month oil products deal worth $1.4 billion with Saudi Arabia's state-owned Aramco to begin in September, Sherif Ismail told Reuters.
Egypt’s Gas Consumption Rises to 1,765 BCF
Vice Chairman for Operations & Natural Gas Grids told Egypt Oil & Gas (EOG) that natural gas local consumption increased during Fiscal Year 2014/2015, reaching 1,765 BCF (an average of 5,000 MMSCFD).
