Fuel | Egypt Oil & Gas - Part 9
EGPC: Egypt Aims to Achieve Fuel Self-Sufficiency by 2020
The Egyptian General Petroleum Corporation’s (EGPC) Vice Executive Chairman for Operations, Engineer Amr Mostafa, said that last year the petroleum sector had managed to meet all of the consumer and industrial ...
IS-Produced Fuel Allegedly Sold in Europe
Fuel produced by Islamic State is suspected to be sold at gas stations in Bulgaria, while the trade is further aiming for Europe, Sputnik News reported. Russian and US special services have provided Bulgaria with rel...
Saudi to Secure Egypt’s Fuel Needs for Next 3 Months
Egypt and Saudi Arabia have reached a deal to supply Egypt with a monthly 800,000 tons of petroleum products for three months starting from February 2016, an EGPC official told Reuters. “Saudi Arabia is giving u...
Moody’s: China, Saudi Support Improve Egypt’s Financial Standing
Saudi Arabia’s recent pledge of $20b worth of petroleum products to Egypt over the coming five years, in addition to China’s pledge of $1.7b in loans to Egypt’s Central Bank (CBE) and The National Ba...
CBE Secures $400m for Energy Imports
The Central Bank of Egypt (CBE) opened a commercial letter of credit of $400m for the Egyptian General Petroleum Corporation (EGPC). The amount will be directed towards paying for imports of petroleum products and liq...
El Molla: Infrastructure Investment in the Sector Reached EGP 8.8b
Current infrastructure projects investments for receiving, transfer, and trading of petroleum products in Egypt have hit EGP 8.8b, Tarek El Molla, Minister of Petroleum and Mineral Resources told Al Mal. Already imple... El Molla: Egypt “Suffering” from Subsidies
Egyptian Petroleum Minister, Tarek El Molla, said that Egypt is “suffering” from fuel subsidies and that funding for subsidies are better spent on other areas, such as health and education, AP reports. According to th... Abdul Ghani: 50,000 New Subscribers Officially Registered
Khaled Abdul Ghani, the project director for the fuel subsidy cards at e-Finance told Egypt Oil & Gas that 50,000 new subscribers were registered prior to the actual application of fuel stations in the governorate...
