imports | Egypt Oil & Gas - Part 14
Petroleum Products Imports to Increase to $1.3b/Month
Sources at EGPC revealed that the rise in the dollar value will increase the crude oil and petroleum derivatives import bill to reach $ 1.3b a month in comparison to the previous range of . 1b-1.2b, reported Al-Mal. ...
ADIB and Banque Misr Partner for $105m EGPC Loan
Abu Dhabi Islamic Bank is spearheading an effort with Banque Misr to lend Egypt’s EGPC $105m, reported Al Mal News. The loan was previously reported by Egypt Oil & Gas when it was announced to be roughly $100m. Th...
Iran’s China Exports Rise With Post-Sanction Energy Cooperation Plans
Asian imports of Iranian oil in August rose by 10% from a year ago, said Press TV, adding that China accounted for the lion’s share of this increase of more than 1 m b/d of crude. Iran’s other biggest buyers – India, ...
Morocco Seeks Advisors for LNG Import Plan
Morocco has launched an international tender seeking advisors for its plan to boost liquefied natural gas (LNG) imports, state-owned power utility ONEE said, according to TradeArabia.com. The plan -worth up to $4.6b- ...
Fertilizer Factories Demand Gas From Ministry After Production Stoppages
Muhammad Fayez, director of a fertilizer factory in Helwan, said that a comprehensive memorandum will be sent to the Ministry of Petroleum with all the gas needs of fertilizer factories for the current summer period. ...
Update-1: Fuel Crisis in Egypt
EGPC announced that it will begin pumping additional quantities of gasoline—up to 10%—at all gas stations in the coming days, after the lack of 92 octane gasoline has risen to crisis levels in a number of stations, re...
Petroleum Ministry Signs New Deal with Saudi Aramco
The Ministry of Petroleum announced signing of an agreement with Saudi Aramco – the largest energy company in the world – to provide Egypt with its needs of petroleum products for three months, reported Reuters. Repay...
Petroleum Minister: New Discovery Not to Affect Israeli Gas Imports
Ahram Online quoted Sherif Ismail, the Egyptian Petroleum minister saying that the discovery of the Zohr natural gas field off Egypt will not undermine private-sector negotiations about buying gas from Israel. The quo...
