EGPC, Petroceltic to Settle Contractual Disputes
The Cabinet has approved to settle the contractual disputes between the Egyptian General Petroleum Company (EGPC) and Petroceltic.
The Cabinet has approved to settle the contractual disputes between the Egyptian General Petroleum Company (EGPC) and Petroceltic.
The Cabinet has allocated land to the Ministry of Petroleum and Mineral Resources to construct a natural gas compressor (NGC) plant in Beni Suef.
Petrofac has been awarded a $1 billion contract from Algeria’s Sonatrach, Petroceltic, and Enel’s Groupment Isarene for the Ain Tsila development project.
The company plans to file an arbitration case as EGPC breached obligations in several gas sales agreements and was not able to pay its debts in time.
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