imports | Egypt Oil & Gas - Part 11
Oil Firms Refused Extended Payment Terms
International Oil Companies (IOC) that were contracted through tenders to import petroleum derivatives to Egypt refused to extend payment period to 6 months instead of two, reported Al Mal News. Some of the companies ...
Egypt to Buy Kuwaiti Fuel
Egypt signed an agreement to buy petroleum products from Kuwait with no discounts or grants. According to the agreement Egypt should pay in cash, reported the Middle East Monitor. The amounts of petroleum products req...
Egypt Approved Oil,Gas Exploration Licenses
The Egyptian Parliament’s Energy and Environment Committee, in accordance with the committee for Constitutional and Legislative Affairs, approved 6 new exploration oil and gas agreements, reported Ahram Gate. Th...
EGPC to Import 665,000t of Gasoil
The Egyptian General Petroleum Corporation (EGPC) will receive up to 665,000t of gasoil over 19 cargos, each containing 30,000t to 35,000t. The shipments will be delivered in November, with 10 cargoes arriving at Alex...
Rosneft Receives Payment for First LNG Cargo to Egypt
Egypt has paid $15.6m for its first ever supply of liquefied natural gas (LNG) from Russian state-owned oil company Rosneft delivered to the country in May 2016, Tass Russian News Agency reported. The volume of 0.06mt...
Nigeria to Import Petroleum Products
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and an international company, NIMEX Petroleum Group, have plans to import 100,000 metric tones of petroleum products to complement the efforts of the ...
EGPC to Expand Oil, Diesel Import
The Egyptian General Petroleum Corporation (EGPC) is in negotiations with foreign importers to provide 370,000t/m of oil and diesel to create massive strategic reserves to cover domestic market demands, starting from ...
MENA to Invest $10.3b in LNG Import Capacity
Countries in the Middle East and North Africa (MENA) led by Egypt, Kuwait, and Morocco, are seeking to boost their liquefied natural gas (LNG) import capacity, taking advantage of low prices to meet rising energy dema...
