Egyptian General Petroleum Corporation (EGPC)

  • Suez Canal Bank Sells Midor Stakes to EGPC for $30.6 MM

    Suez Canal Bank Sells Midor Stakes to EGPC for $30.6 MM

    Tuesday, 2nd June 2020

    The Suez Canal Bank has sold its 1.27% stake in the Middle East Oil Refinery (Midor) for $30.6 million to the Egyptian General Petroleum Corporation (EGPC).

  • El Molla Initials Contracts with Winners of Red Sea Bid Round

    El Molla Initials Contracts with Winners of Red Sea Bid Round

    Sunday, 31st May 2020

    Minister of Petroleum and Mineral Resources Tarek El Molla announce the initial signing with the winning companies of the Red Sea bid round. Currently, legislative measures are being taken to submit a proposal to the Cabinet. El Molla added that the bid round’s results will push forward the ministry's plans to attract foreign investments into the petroleum sector especially in unexplored areas.

  • Enppi, Petrojet Completes Ain Sukhna’s SUMED Product Hub Project

    Enppi, Petrojet Completes Ain Sukhna’s SUMED Product Hub Project

    Wednesday, 18th March 2020

    Enppi and Petrojet have successfully executed Ain Sukhna’s SUMED Product Hub to meet the local market needs from petroleum products, imports, storages, and re-exports.

  • Protocols of Cooperation to Settle Decades-Old Financial Debts

    Protocols of Cooperation to Settle Decades-Old Financial Debts

    Thursday, 20th February 2020

     In an effort to end the financial debts accumulated for more than 30 years, the Ministries of Electricity and Renewable Resources, Petroleum and Mineral Resources, Finance, and the General Public Sector signed three protocols of cooperation.

  • Dragon Oil to Boost Investments in Egypt by $650 MM

    Dragon Oil to Boost Investments in Egypt by $650 MM

    Tuesday, 18th February 2020

    Dragon Oil is planning to increase its investments in Egypt through acquiring some operating assets in the Western Desert in the next five years.

  • Diesel Consumption Increases to 1.1 MM Tons

    Diesel Consumption Increases to 1.1 MM Tons

    Thursday, 19th December 2019

    Egypt's diesel consumption has increased to 1.1 million tons per month, a 0.1 million tons year-on-year increase, Abed Ezz El Regal, CEO of the Egyptian General Petroleum Corporation (EGPC), announced.

  • New Petroleum Discovery Achieved in the Western Desert

    New Petroleum Discovery Achieved in the Western Desert

    Thursday, 19th December 2019

    The Borg El-Arab Petroleum Company has made a new petroleum discovery in the ASH-2 area of Abu Senan concession in the Western Desert, with a production rate of 7,000 barrel of crude oil per day and 10 million cubic feet per day (mcf/d) of natural gas.

  • EGPC: Monthly Fuel’s Imports Slip to $900 MM in August

    EGPC: Monthly Fuel’s Imports Slip to $900 MM in August

    Sunday, 27th October 2019

    The value of the petroleum sector’s imports of monthly fuel retreated to nearly $900 million in August 2019, by about $300–400 million during the same period a year earlier, an official source in Egyptian General Petroleum Corporation (EGPC) reported to Amwal El Ghad.

  • EGPC to Extend Crude Oil Importation from Kuwait

    EGPC to Extend Crude Oil Importation from Kuwait

    Monday, 30th September 2019

    The Egyptian General Petroleum Corporation (EGPC) plans to extend importing crude oil from Kuwait, an official source told Al Maal Newspaper.

  • Egypt, Kuwait Renew Oil Supply Contracts

    Egypt, Kuwait Renew Oil Supply Contracts

    Wednesday, 5th April 2017
    Kuwait Petroleum Corporation (KPC) renewed two 3-year commercial contracts with the Egyptian General Petroleum Corporation (EGPC) to supply Egypt with 2.5m tons/y of petroleum products and 2mb/m of crude oil.