petroleum | Egypt Oil & Gas - Part 6

CAPMAS: Egypt’s Crude Oil Imports Drop 68% in September

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS), the state statistics agency, reports that imports of 10 commodities dropped to $2.1b, down by 29%, during September 2015, which is largely the re...

Egypt’s Ministry of Petroleum Begins New Strategy

Egypt’s Ministry of Petroleum has a new strategy for reducing imports, adding value to Egyptian products, and making Egypt an energy hub in the Middle East, a source at the Ministry told Egypt Oil and Gas.  The ...

Tarek El Molla Meets with King Abdullah

Shortly after the November 15th meeting between the petroleum ministers of Egypt, Jordan and Iraq, the Egyptian Minister of Petroleum, Tarek El Molla, met with King Abdullah of Jordan. The ministers meeting made inter...

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 agree...

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...

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 exec...

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, reported Youm7. NPC also produced 34,000 tons of butane an...

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 (EO...

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 as foreign partners continue to reduce their exploration investments. A government official t...

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). The petroleum portfolio was approximately EGP 27...

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