petroleum derivatives | Egypt Oil & Gas

Fuel Subsidies to Reach EGP 40b

A source at the General Petroleum Company (GPC) told Al Mal News that the bills of petroleum derivatives subsidies are expected to reach between EGP 35b to EGP 40b in the last quarter of fiscal year 2016/2017. Fuel su...

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

Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting with the officials of the Ministries of Petroleum and Mineral Resources, Finance, and E-Finance Company to discuss the updates of...

Egypt to Import Fuel from UAE

A source with the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that Egypt is negotiating with the United Arab Emirates (UAE) to import petroleum derivatives such as benzene, diesel, and bu...

EGPC to Launch Fuel Tender

A source with the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that EGPC is launching a tender to receive 700,000 tons of benzene, diesel and mazut to be paid in US dollars in order to com...

Oil Firms Refused Extended Payment Terms

International Oil Companies (IOC) that were contracted through tenders to import petroleum derivatives to Egypt refused to extend payment period to 6 months instead of two, reported Al Mal News. Some of the companies ...

IDB to Cover Fuel Imports

The Egyptian Minister of International Cooperation, Sahar Nasr, stated that the ministry is in talks with the Islamic Development Bank (IDB) to secure funds for the Egyptian General Petroleum Corporation (EGPC) to imp...

Egypt will Not Import Oil from Iran

The Egyptian Ministry of Petroleum Spokesperson, Hamdi Abdel Aziz, stated to Egypt Oil&Gas that Egypt is not in negotiations with Iran on crude oil imports. Abdel Aziz confirmed that the agreement with Saudi Aramc...

Mostorod Refinery to Finalize in 2017

The Egyptian Refining Company’s Managing Director, Mohamed Saad, stated that the company will complete its refining project in Mostorod within the first quarter of 2017, with the aim of addressing supply gaps in...

Egypt Received Oil Cargos

In a press release to Egypt Oil&Gas, the Egyptian Ministry of Petroleum spokesperson, Hamdi Abdelaziz, stated that Egypt has received oil cargos, after Saudi Aramco informed that it will not be able to  provide Oc...

El Molla Encouraged Petrol Stations to Enhance Services

In a press release to Egypt Oil&Gas, Egyptian Minister of Petroleum, Tarek El Molla, emphasized the importance of improving services at filling stations. He urged marketing companies to continue promoting solar po...

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