petroleum | Egypt Oil & Gas - Part 6

Tarek El Molla Meets with King Abdullah

King Abdullah voiced his support for the effort to build a pipeline from Basra, Iraq to Aqaba, Jordan and on to Egypt. The King voiced his desire for greater cooperation in the fields of energy cooperation and coordi ...

Sherif Ismail: Petroleum Successes Felt by Citizens, Foreign Partners

Sherif Ismail, Minister of Petroleum and Mineral Resources, and Prime Minister-designate, insisted that the signing of new petroleum agreements and modifying the purchasing price of gas produced in some existing agre ...

EGPC Chairman Tarek El-Molla to Temporarily Manage Petroleum Ministry Affairs

Egypt Oil & Gas (EOG) learned that President Sisi and the new Prime Minister, Sherif Ismail, asked EGPC Chairman Tarek El-Molla to look after the affairs of the Petroleum Ministry until a new petroleum minister is of ...

Sherif Ismail: Providing Petroleum Products to Citizens is a Strategic Goal

Egypt Oil and Gas learned that the Minister of Petroleum and Mineral Resources, Sherif Ismail, had said that the provision for citizens’ needs of petroleum products is a strategic goal and that they are currently exe ...

Nasr Petroleum Exports $296m Worth of Petroleum Products

Mohamed Orabi, Chairman of the Nasr Petroleum Company (NPC), confirmed that his company had refined about 2.5m tons of crude during the 2014-2015 fiscal year.

Russia’s Rosneft, Petroleum Ministry to Work on Educational Projects

Chairman of Russia's Rosneft Igor Sechin and the Egyptian Minister of Petroleum Sherif Ismail inked a deal that will allow both entities to join forced on educational projects, reported Egypt Oil & Gas (EOG).

Falling Brent Prices Push IOCs to Cut Production in Egypt

The Ministry of Petroleum announced the stabilization of crude oil production at 695,000 b/d during the current fiscal year in the context of foreign partners continuing to reduce their exploration investments.

Petroleum Portfolio Expanding at National Bank of Egypt

A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE).

ASORC Aims to Process 4.1m tons of Crude Oil

Al-Mal newspaper learned that Assiut Oil Refining Company (ASORC) has contracted with ENPPI to implement new units to raise its production capacity of petroleum derivatives and thus increase its supply of petroleum p ...

NBE’s Loans to the Petroleum Sector Amount 40bn

Ayman Yassin, Head of Corporate Banking Group at the NBE told Daily News Egypt in an interview that the petroleum sector's loan for the fiscal year of 2014/2015 had reached 40bn, in comparison with 27bn in the fiscal ...

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