imports | Egypt Oil & Gas - Part 9
Egypt to Cover Butane Demand
The Egyptian General Petroleum Corporation (EGPC) has enough butane reserves to cover 15 days of the local market demands.
Egypt Spends EGP 13b on Fuel Imports
Egypt imports bill for petroleum derivatives including benzene, diesel and mazut, as well as liquefied natural gas (LNG), has reached EGP 13b a month.
Egypt, Jordan Talked Energy Cooperation
the Egyptian Minister of Petroleum and Renewable Energy, Tarek El Molla, met with the Jordanian Prime Minister, Hani Al Mulki, along with a delegation from the country.
Oil Firms Refused Extended Payment Terms
International Oil Companies (IOCs) that were contracted through tenders to import petroleum derivatives to Egypt refused to extend payment period to 6 months instead of two.
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.
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. EGPC to Import 665,000t of Gasoil
The Egyptian General Petroleum Corporation (EGPC) will receive up to 665,000t of gasoil over 19 cargos. The shipments will be delivered in November.
Rosneft Receives Payment for First LNG Cargo to Egypt
Russian state-owned oil company Rosneft has received $15.6m for its first ever supply of liquefied natural gas (LNG) to Egypt under the contract with Egyptian Natural Gas.
