SH | Egypt Oil & Gas - Part 5

GUPCO to Increase Production

Gulf Of Suez Petroleum Company (GUPCO) plans to increase its production in fiscal year 2017/2018 from its EDFO concessions, Balayeem concessions and Tour Sinai concessions.

Aramco’s Shipments Remain Halted

Saudi Aramco did not send January fuel cargos. Thus the 700,000 tons cargo of petroleum derivatives was halted for four consecutive months.

Egypt to Add 300,000 Households to Gas Grid

Egypt plans to pump natural gas to 300,000 households by April 2017.

Egypt to Lift Butane Subsidies by 2019

Egypt will lift subsidies on butane bottles by 2019 after applying butane coupons.

Egypt to Halt Diesel, Mazut Supplies to Power Plants

Egypt to stop pumping diesel and mazut to electricity power plants.

Egypt to Fuel Industries with Coal

Egypt will generalize the usage of coal in manufacturing as an alternative to natural gas starting May 2017.

EGAS to Pump 500mcf/d of Gas to Factories

The Egyptian Natural Gas Holding Company (EGAS) will pump 500mcf/d of gas to factories during January 2017.

Egypt to Pay for Halted Fuel Cargoes

The Egyptian Ministry of Petroleum and Mineral Resources will receive $250m from the Ministry of Finance within January to pay dues of fuel providers to be able to import more fuel and release any cargo held in the E ...

Egypt to Import Fuel from UAE

Egypt is negotiating with the United Arab Emirates (UAE) to import petroleum derivatives such as benzene, diesel, and butane.

Egypt Delayed Fuel Price Hikes

Egypt, led by Prime MinisterSherif Ismail, decided to delay increasing fuel prices to May 2017. This came in hopes to linking the price hikes to the generalization of the third phase of fuel smart cards across the c ...

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