Suez Canal Bank Sells Midor Stakes to EGPC for $30.6 MM
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).
Egyptian General Petroleum Corporation (EGPC) | Egypt Oil & Gas
El Molla Initials Contracts with Winners of Red Sea Bid Round
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 ...
Enppi, Petrojet Completes Ain Sukhna’s SUMED Product Hub Project
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
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 th ...
Dragon Oil to Boost Investments in Egypt by $650 MM
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
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
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 cub ...
EGPC: Monthly Fuel’s Imports Slip to $900 MM in August
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 ...
EGPC to Extend Crude Oil Importation from Kuwait
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
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.Page 1 of 1
