SH | Egypt Oil & Gas - Part 6
Egyptian Firms Increase Gas Production
Pharaonic Petroleum Company finalized the third phase of its development operations for Ras El Bar field located in Ras El Bar Concession in Nile Delta with an investment of $265m as the company succeeded in producing...
Eni’s Zohr, BP’s Atoll Aim for Production in 2017, 2018
UK’s BP will start developing its Atoll field in the North Damietta Concession located in the East Delta in the Mediterranean aiming for production in December 2018, reported Egypt Oil&Gas. The company will ...
Egypt Pays $5.8/1mBTU for Zohr Gas
A source with the Agreements Department at the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that Egypt buys Eni’s equity gas from Zohr field for $5.8 per 1m thermal unit (BTU), accor...
Egypt Stockpiled on Petroleum Reserves
A source with the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that Egypt’s strategic reserves of butane is enough to cover consumption of a 15-day period, while that of benzene and ...
EGPC to Launch Fuel Tender
A source with the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that EGPC is launching a tender to receive 700,000 tons of benzene, diesel and mazut to be paid in US dollars in order to com...
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, stated Smart Cards Manager at E-Finance, Khaled Abdel Ghan...
Egypt Seeks $30b in Oil, Gas Investments
The Egyptian oil and gas industry seeks $30b in foreign investments within the next three years based on the government’s strategy to aim for mutual commitment in cooperation with the international oil companies...
Egypt Owes $3.6b in Oil, Gas Arrears
A source with the petroleum sector told Egypt Oil&Gas that Egypt owes $3.6b in backdated arrears to international oil companies (IOC). He added that the government is committed to paying all overdue amounts and ha...
