In statements made to Al-Bourse, EGPC Head Tariq Al-Mulla announced that EGPC's contract with UAE company Adnoc expires in June, adding that there were no new negotiations with Adnoc to renew the contract.
The Central Agency for Public Mobilization and Statistics (CAPMAS) said on Friday the value of Egyptian oil exports increased in February reaching EGP 1.99bn compared to EGP 1.53bn in January.
State-run Abu Dhabi National Oil Company (ADNOC) will start monthly deliveries of $400m of petroleum products to Egypt from next week until the end of October.