SH | Egypt Oil & Gas - Part 11
Fuel Smart Card System to Launch May 2016
Khaled Abdul Ghani, smart cards project manager at E-Finance told Egypt Oil & Gas that a 100,000 cars have been added to the smart cards of for the distribution of subsidized gasoline and diesel to the citizens of al ...
Eni’s Zohr is Expected to Produce Only 22 TCF
The Egyptian General Petroleum Corporation Chairman Mohammed Al-Masry told Egypt Oil & Gas that EGPC agreed totally with the head of Italy’s Eni that the Zohr giant gas field needed to enter into production to help b ...
World Bank Loan Diverted in Part to Pay Foreign Dues
Tarek El-Molla, Minister of Petroleum and Mineral Resources, confirmed that his Ministry planned to attract $8.5b worth of new foreign investments into the Egyptian petroleum sector during the current fiscal year, re ... El Molla: No Truth to IOCs Decreasing Exploration
Tarek El-Molla, Minister of Petroleum and Mineral Resources, said that the rumors about international oil companies (IOCs) halting exploration expenditures because of indebtedness and low oil prices is completely unt ...
Dollar Decline to Save Egypt 200m a Month in Subsidies
A source at EGPC told Egypt Oil & Gas that the local decline in the value of the dollar is a positive factor in ensuring that the amount allotted to energy subsidies in the state budget is not surpassed.
Government Rules Out Fuel Price Increase this FY
A government source informed Egypt Oil & Gas that the government has ruled out raising fuel prices, a decision that is in the hands of sovereign authorities and the Council of Ministers only. This is especially since ...
Suffering Factories to Receive 700 mscf of Gas This Month
Sources at EGAS told Egypt Oil & Gas that a decision was taken to pump 700 mscf of liquefied natural gas (LNG) to factories suffering from gas shortages.
Egypt Redefines Mediterranean Borders
Ahmed Abdel Halim, petroleum expert in maritime borders, told Egypt Oil & Gas that the ministry of defense had sent a map to the petroleum ministry illustrating all concessions owned by Egypt in the Mediterranean dee ...
