petroleum derivatives | Egypt Oil & Gas

Fuel Subsidies to Reach EGP 40b

Petroleum derivatives subsidies bill will reach around EGP 40b in the last quarter of 2016/2017.

El Molla Discussed Updates on E-System of Distributing Petroleum Derivatives

El Molla discussed the updates of the electronic system of distributing petroleum products.

Egypt to Import Fuel from UAE

Egypt is negotiating with the United Arab Emirates (UAE) to import petroleum derivatives such as benzene, diesel, and butane.

EGPC to Launch Fuel Tender

Egyptian General Petroleum Corporation (EGPC) is launching a tender to receive 700,000 tons of benzene, diesel and mazut.

Oil Firms Refused Extended Payment Terms

International Oil Companies (IOCs) that were contracted through tenders to import petroleum derivatives to Egypt refused to extend payment period to 6 months instead of two.

IDB to Cover Fuel Imports

Egypt is in talks with the Islamic Development Bank (IDB) to secure funds for the Egyptian General Petroleum Corporation (EGPC) to import petroleum derivatives,

Egypt will Not Import Oil from Iran

Egypt is not in negotiations with Iran on crude oil imports, while the agreement with Saudi Aramco is still valid.

Mostorod Refinery to Finalize in 2017

The Egyptian Refining Company will complete its refining project in Mostorod within the first quarter of 2017.

Egypt Received Oil Cargos

Egypt has received oil cargos, after Saudi Aramco informed that it will not be able to provide October's 700,000t shipment.

El Molla Encouraged Petrol Stations to Enhance Services

Egyptian Minister of Petroleum, Tarek El Molla, emphasized the importance of improving services at filling stations. He urged marketing companies to continue promoting solar power as an alternative source of energy, ...

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