Ministry of Petroleum | Egypt Oil & Gas - Part 16
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,
Egypt to Boost Oil, Gas Production
Egypt plans to increase local production of diesel to 2.6m tons per day starting 2017 in order to avoid any crisis in filling stations.
Egypt to Revoke Gas Rate Cuts or Iron, Steel
The Egyptian Government backed from its decision to cut the gas prices for iron and steel factories from $7 per 1m British Thermal Units (BTU) to $4.5 per 1mBTU.
Egypt to Pay EGP 800m to Fuel Power Plants
The Egyptian Ministry of Electricity will pay EGP 800m to the Ministry of Petroleum for fuel consumed by power plants.
Egypt Paid EGP 1b to Eni
The Egyptian Ministry of Petroleum and Mineral Resources has paid EGP 1b to Italian Eni, as part of the outstanding dues for for the company's equity production.
