GPC to Raise EGP 3.2B
Al Ahli Bank of Kuwait (AKB) will partially finance an EGP 3.2 billion loan package to the General Petroleum Company (GPC) to support exploration and drilling operations.
GPC | Egypt Oil & Gas - Part 5
PMS Installs 2nd Platform for GPC
Petroleum Marine Services (PMS) installed a second platform, weighing 600 tons, for the General Petroleum Company (GPC).
GPC Awards New Contract to ADES
General Petroleum Company (GPC) awarded a new contract to ADES International Holding for its ADMARINE III offshore jack-up rig, Egypt Oil & Gas reports.
Banking Alliance to Provide EGP 2.3B for GPC Exploration
General Petroleum Company (GPC) signed an agreement with six banks for an EGP 2.3 billion loan to finance oil and gas exploration.
GPC Increases Production by 5%
Egypt’s state-owned General Petroleum Company (GPC) increased its production by 5% to reach a production rate of 86,400 barrels of oil equivalent per day (boe/d) in fiscal year (FY) 2016/2017).
El Molla Issues New Promotions
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced new appointments and promotions.
GPC Achieves 99% of Production Target
General Petroleum Company (GPC) met its production targets for oil and condensates in July, but fell short of its target for natural gas
GPC to Take EGP 3 B Loan for Exploration
The National Bank of Egypt (NBE) and Banque Misr are securing a EGP 3 billion loan for General Petroleum Company (GPC) to fund exploration and drilling activities, as well as debt restructuring.
GPC Boosts Crude Oil Production
The General Petroleum Company (GPC) increased its crude-oil output to 57,000 barrels per day (b/d).
