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.
General Petroleum Company (GPC) stated to Egypt Oil&Gas that the company will drill 18 exploratory and development wells during the fiscal year 2017/2018.
The Egyptian General Petroleum Corporation (EGPC) has granted SDX Energy and PICO Petroleum preliminary approval to extend the drilling period in South Ramadan Concession located in the Gulf of Suez.
the Egyptian oil and gas sectors contributed in emergency relief operations all over the country. It participated in relief operations in Ras Gharib to face the consequences of floods.
Egypt’s General Petroleum Company (GPC) has addressed some banks operating in the local market to obtain a loan worth EGP 2b to finance oil and gas exploration and drilling operations.
The General Petroleum Company (GPC) has started procedures to implement a project concerned with the treatment of harmful emissions in the eastern desert fields with an investment worth $127m.