petroleum derivatives
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Fuel Subsidies to Reach EGP 40b
Tuesday, 30th May 2017
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
Thursday, 13th April 2017
El Molla discussed the updates of the electronic system of distributing petroleum products. -
Egypt to Import Fuel from UAE
Tuesday, 17th January 2017
Egypt is negotiating with the United Arab Emirates (UAE) to import petroleum derivatives such as benzene, diesel, and butane. -
EGPC to Launch Fuel Tender
Thursday, 15th December 2016
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
Thursday, 27th October 2016
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
Thursday, 20th October 2016
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
Tuesday, 18th October 2016
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
Monday, 17th October 2016
The Egyptian Refining Company will complete its refining project in Mostorod within the first quarter of 2017. -
Egypt Received Oil Cargos
Wednesday, 12th October 2016
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
Monday, 19th September 2016
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, in order to rationalize national energy consumption.
Latest News
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Egypt Launches First Natural Gas Stations App
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Official Gazette publishes Law authorizing Oil Exploration Contracts in Sidi Barrani
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Norpetco Inaugurates HSE Project with $1.3 MM
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El Molla Attends the 5th IEF-EU Energy and Climate Day
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 62.73 | +2.00% |
Crude Oil (Brent) Brent | USD/bbl | 65.70 | +1.99% |
NYMEX Natural Gas | USD/MMBtu | 2.79 | +0.65% |
OPEC Basket Price | USD/bbl | 65.42 | +2.22% |
Last Modified March 1, 2021