State owned Egypt Gas company, an affiliate of the Egyptian Natural Gas Holding Company (EGAS), recorded losses of EGP 48.6m ($6.2m) during the first 6 months of 2015, in comparison to the recorded profits of EGP 25. ...
East Delta Electricity Production Company (EDEPC) is working on obtaining a loan worth $125m, which will be used to upgrade the company's power stations.
Egyptian President Abdel Fattah al-Sisi said that his government is "committed" to paying up debts to oil and gas companies "operating on its soil," reported Aswat Masreya.
Sherif Ismail, Egypt’s Petroleum Minister announced the country’s plan to reduce its debt to foreign oil companies to $2.9 billion from $3.5 billion by the end of August, with a plan to repay the rest by the end of 2 ...
EGPC sources revealed to Al-Mal newspaper that six new investment projects were now on the table to develop a network for transporting petroleum derivatives and fuel all over the country at an expected cost of more t ...
Nine petroleum agreements of about $2.2 billion will be finalized soon, according to a Ministry of Petroleum. The nine agreements include an agreement with the Tunisian HBS international oil company with investments ...