petroleum | Egypt Oil & Gas - Part 7

Petroleum Minister: Supply Gap is Due to Political Termoil

In his opening address during a symposium on regulating gas market in Egypt, pointed out that the exceptional circumstances witnessed by Egypt during the past four years created a temporary gap between the production ...

Press Release: Ministries of Electricity and Petroleum to Egyptian Citizens

The Ministries of Electricity and Petroleum announced that the recent significant rise in temperature and humidity taking place in the country has led to an unprecedented increase in demand for electricity consumptio ...

Ministry of Petroleum: Petrochemical Plants to be Launched in the New Suez Canal Annex

The Ministry of Petroleum announced that it is working on preparing feasibility studies for a number of refining and petrochemical projects that will be included the new Suez Canal Axis Development plan, reported Dai ...

Saudi Arabia to Aid Egypt’s Petroleum Sector with $1.4bn

Egypt has reached an agreement with Saudi Arabia to receive petroleum aid worth $1.4bn for 3 months.

Egypt to Reduce its Debt to IOCs to $2.9bn

Sherif Ismail, Egypt’s Petroleum Minister announced the country’s plan to reduce its debt to foreign oil companies to $2.9 billion from $3.5 billion by the end of August, with a plan to repay the rest by the end of 2 ...

Press Release: Egyptian Ministry of Petroleum

The Minister of Petroleum and Mineral Resources, Sherif Ismail, announced that the launching of the new Suez Canal project is a message of hope to the Egyptian people and a gift to the world.

Petroleum Ministry Working on Increasing Butane Gas Supply

The Petroleum Ministry is working on an integrated program to secure fuel supplies to the local market and improve services offered to citizens.

Egypt to Pay Part of Its Dues to Foreign Companies by End of 2015

The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the end of the year, said Tariq al-Mulla, chairman of the authority.

Gulf Petroleum Stays in East Africa With Acquisition

Gulf Petrochem Group today announces the official acquisition and name change of Essar Petroleum East Africa Ltd to ASPAM Energy (Kenya) Ltd. The deal will enhance the group’s integrated services and products for the ...

IFC to Give $50m Loan to Egypt’s PICO

IFC, a member of the World Bank Group, is providing a $50 million loan to Cheiron Finance Limited, a subsidiary of Egypt’s PICO International Petroleum, in an effort to bolster energy supplies in the Arab World's mos ...

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