Ministry of Petroleum | Egypt Oil & Gas - Part 16
Khalda Petroleum to Invest $810m
Khalda Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and US Apache, allocated $810m investments in the budget of fiscal year 2017/2018
Egypt to Import 1.4bcf/d of Gas
The Ministry of Petroleum and Mineral Resources asked the Central Bank of Egypt (CBE) to provide $270m per month to import 1.4bcf/d of gas starting from June.
Egypt to Invest $17m in Gas Developments
The Egyptian Ministry of Petroleum and Mineral Resources will execute 11 development projects for $17.5m
EGPC Supplies 1m Butane Bottles Daily
The Egyptian General Petroleum Corporation (EGPC) supplies around 1m butane bottles per day during winter to cover local demands all over the country.
No Price Hikes with Fuel Smart Cards
The Egyptian Ministry of Petroleum and Mineral Resources confirmed that there will not be any fuel price hikes or volume capping with the trail run of the second phase of of fuel smart cards.
El Molla Chaired Energy Hub Meeting
The higher committee for transferring Egypt into a regional energy hub held its first meeting chaired by the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla.
Egypt Owes $1.35b to Shell
Egypt's Ministry of Petroleum owes $1.35b in outstanding dues to Royal Dutch Shell for equity production from Rashid and Burullus fields’ concessions. Egypt Paid $100m to Oil Firms
The Egyptian Ministry of Petroleum and Mineral Resources paid around $100m payment to IOCs in outstanding dues for buying their share of production of crude oil and natural gas produced from their concessions in Egypt,
