Petroleum Ministry Owes EGP 100Bn to Finance Ministry

• Monday, 27th April 2015
• by Egypt Oil & Gas

The debt of the Ministry of Petroleum to the Ministry of Finance has climbed to reach EGP 100bn. The main reason for that was the Ministry’s effort to pay accumulating arrears to foreign partners.

Appeal of Former Minister of Petroleum on Israeli Gas Export Charges

• Sunday, 19th April 2015
• by Egypt Oil & Gas

Egypt's top prosecutor will appeal a court ruling acquitting former president Hosni Mubarak's Petroleum Minister Sameh Fahmy of the charge of exporting gas to Israel below market prices.

Egypt to Receive 2nd LNG Floating Terminal in August

• Wednesday, 8th April 2015
• by Egypt Oil & Gas

Sherif Ismail, Minister of Petroleum announced the arrival of a second floating LNG terminal in August of this year, Reuters reported.

Ministry of Petroleum Claims Responsibility for Power Shortage

• Sunday, 5th April 2015
• by Egypt Oil & Gas

Using power outage to rationalize local fuel consumption in Egypt is common news; however, this year power shortages have begun much earlier than the expected summer months