The Egyptian General Petroleum Corporation (EGPC), conducted the first treaty with the Ministry of Finance at the end of March to pay off its debts of EGP 214 billion over three years.

APA corporation announced that it has reached an initial agreement with the Egyptian Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation (EGPC) in the framework of modernizing the petroleum sector.

Ministry of Petroleum and Mineral Resources declined spreading news quoting the Minister of Petroleum, Tarek El Molla, saying that Zohr will start producing 1 billion cubic feet (bcf) of natural gas within days.