SH | Egypt Oil & Gas - Part 6
Egyptian Firms Increase Gas Production
Pharaonic Petroleum Company and North of Sinai Petroleum Company (NOSPCO) increase natural gas production.
Eni’s Zohr, BP’s Atoll Aim for Production in 2017, 2018
UK's BP and Italian Eni will aim their development plans for both Atoll field and Zohr field in Egypt at production in 2017.
Egypt Pays $5.8/1mBTU for Zohr Gas
Egypt buys Eni's equity gas from Zohr field for $5.8 per 1m thermal unit (BTU), according to the recent agreement in November 2016.
Egypt Stockpiled on Petroleum Reserves
Egypt's strategic reserves of butane is enough to cover consumption of a 15-day period, while that of benzene and diesel covers a 10-day duration.
EGPC to Launch Fuel Tender
Egyptian General Petroleum Corporation (EGPC) is launching a tender to receive 700,000 tons of benzene, diesel and mazut.
5m Egyptians Applied for Fuel Smart Cards
The number of Egyptian citizens who applied for fuel smart cards reached 5m out of the 6.5m subsidy-beneficiaries estimated by the Egyptian Traffic Authority.
Egypt Seeks $30b in Oil, Gas Investments
Egypt seeks $30b in foreign investments within the next three years.
Egypt Owes $3.6b in Oil, Gas Arrears
Egypt owes $3.6b in backdated arrears to international oil companies (IOC), as the country plans to drill 12 new wells during 2017.
