SH | Egypt Oil & Gas - Part 2

Egypt to Stop Burning Natural Gas by July

Egypt decided to stop burning natural gas in fields across Egypt starting July.

Egypt’s Petrochemical Projects to Start Producing by May

Mega petrochemical projects will start providing the local market with fuel by May, pointing out that these projects are able to solve the deficit between natural gas consumption and production.

Egypt Negotiates 250,000 Tons of Fuel Imports

The Egyptian government is currently conducting new negotiations with a number of foreign suppliers to import fuel for April and May.

Egypt’s Cabinet Aiming to Cut 25% of Imported Fuel Cost

The Egyptian government is willing to reduce the energy consumption to avoid increasing energy subsidies allocations to EGP100b in 2017 / 2018 budget.

Sovereign Authorities Reject Petroleum Price Hike

A governmental official stated to Egypt Oil&Gas that sovereign authorities are strongly rejecting the raise in prices of petroleum products during the current fiscal year 2016/2017.

Egypt Air Dues to Petroleum Sector Increase

Egypt Air's arrears for the Egyptian oil and gas sector increased to be EGP 8.2b in March 2017.

Egypt Seeks 2m tons of Fuel to Fill Gap

Egypt needs around 2m tons of fuel annually to fill the gap between supply and demand.

Egypt Can Contain Aramco’s Shipment Halts

Former Egyptian Minister of Petroleum, Osama Kamal, said refineries can replace Aramco halted shipments.

Natural Gas Pumping Saves $350m/m

Egyptian Presidency urged the delivery of natural gas to households across the governorates to replace butane consumption.

Egypt to Increase Gas Production to 6.2bcf/d in 2017

Egyptian government plans to increase natural gas production from 4.5bcf/d to be 6.2bcf/d within 2017.

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