Ministry of Petroleum | Egypt Oil & Gas - Part 19
Egypt’s Oil Ministry to Allow BG to Export Liquefied Gas
Egypt’s Ministry of Petroleum vowed to allow British Gas Group (BG), now a subsidiary of Shell, to export liquefied gas through the infrastructure of the Abu Dhabi Company for Onshore Petroleum Operations (ADCO)...
Egypt’s Arrears to Foreign Oil Companies Rose to $3.2b in March
Egypt’s outstanding arrears to foreign oil companies rose to $3.2b at the end of March, up from $3b at the end of December, an official at the Ministry of Petroleum told Reuters. The ministry said last September...
Oil Ministry Aims to Deliver Gas to Homes, Reducing Imports
Egypt’s petroleum sector aims to expand the delivery of gas to 3.5m housing units by the end of 2019, a source at the Ministry of Petroleum told Egypt Oil & Gas, adding that this move would reduce Egypt̵...
Petroleum Ministry to receive $200m of World Bank Loan
The Egyptian Ministry of Petroleum will receive $200m of a recently agreed $1b World Bank loan, according to an EGPC official who spoke to Al Mal News. The money will go to repay $2.8b in debts that the ministry owes...
Former Minister: Official Cost for Liter of Gasoline EGP7
The official cost for a liter of gasoline in Egypt is EGP7, said Osama Kamal, the former Minister of Petroleum, in an interview with Egypt Oil & Gas. This is the price at which gasoline is to be sold in local mar...
DEA Completes Equity Reduction Deal in West Delta Project
Deutsche Erdoel AG has sold a portion of its stake in its West Nile Delta (WND), reports Egypt Oil and Gas. The company’s share of all WND fields is now 17.5 % – a move that is expected to optimize the company&#...
Oil and Water Ministries to Cooperate on Minya Irrigation Project
The Ministry of Petroleum and Mineral Resources has signed a protocol with the Ministry of Water Resources and Irrigation to cooperate on drilling 500 wells in the area of West Minya, to access underground water for i...
Tarek El Molla: Egypt to Continue Gas Imports for 5 Years
Tarek El Molla, Minister of Petroleum and Mineral Resources, said that that petroleum sector will continue to import natural gas for the coming 5 years to meet the needs of electricity, and the local market, reported ... 
