petroleum | Egypt Oil & Gas - Part 7
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 f...
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 consumption...
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 Dail...
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, reported Egypt Independent. The agreement includes petroleum derivatives to be received over the months of September...
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 20...
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. He explained that its com...
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. Minister of Petroleum Sherif Ismail said the ministry is seeking to incr...
