SH | Egypt Oil & Gas - Part 3
USD Price Increases Petroleum Import Bills
An Official at the Egyptian oil and gas sector stated to Egypt Oil&Gas that the $800m import bills of petroleum derivatives increased by $50m per day as the USD exchange rate had reached EGP 18. This rise indicate...
Fuel Smart Card System to Provide10 Litres a Day
An Official Source at the Egyptian General Petroleum Corporation stated to Egypt Oil&Gas that Sherif’s Cabinet agreed on allocating ten liters of subsidized fuel a day for each citizen registered in the sma...
Egypt’s Cabinet to Cut Energy Subsidies by 10% in 2017-2018
An Official Source at the Egyptian General Petroleum Corporation (EGPC) stated exclusively to Egypt Oil&Gas that Egypt’s cabinet considers to cut energy subsidies by 10% in the next fiscal year (2017-2018). ...
EGPC to Allocate 400,000 Subsidized LPG Cylinders
In an exclusive statement to Egypt Oil&Gas, Chairman of the Egyptian General Petroleum Corporation (EGPC),Tarek El Hadidi, said that the company decided to allocate 400,000 subsidized LPG cylinder to slums all ove...
Egypt to Import Crude Oil from Libya
An official source at the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that negotiations with Libya to import 1mb/m of crude oil for a year are taking place. This comes within the Egyptia...
Egyptian Cabinet Mulls Adjusting Natural Gas Prices
An Official Source at the Egyptian Natural Gas Holding Company(EGAS) stated to Egypt Oil&Gas that the government is considering adjusting natural gas prices in some agreements with foreign oil companies. This step...
Petroleum Air Services to Increase Helicopter Fleet
Hany Mohamed, the Chairman of Petroleum Air Services (PAS), stated to Egypt Oil&Gas that the company is targeting an increase in its helicopter fleet to match the research and exploration in deep water, which repr...
Egypt Aims to Reschedule Debt Payment to IOCs in 2017
An official source in the Egyptian oil sector stated to Egypt Oil&Gas that PM Sherif Ismail’s cabinet wants to reschedule the debts to foreign oil companies operating in Egypt during 2017 in order to be able...
