strategic reserves | Egypt Oil & Gas
Cabinet Affirms Commitment to Strategic Petroleum Reserves, Timely Payments to IOCs
Prime Minister Mostafa Madbouly held a meeting to review the availability of petroleum products’ strategic reserves and the regularity of arrears payments to International Oil Companies (IOC). The meeting was at...
Egypt Received Oil Cargos
In a press release to Egypt Oil&Gas, the Egyptian Ministry of Petroleum spokesperson, Hamdi Abdelaziz, stated that Egypt has received oil cargos, after Saudi Aramco informed that it will not be able to provide Oc...
Egypt’s Diesel Reserves to Cover 5 Days of Demand
Egyptian General Petroleum Corporation’s Chairman, Tarek El Hadidi, stated that Egypt has enough diesel stored to cover five days of local demand, with import cargos arriving regularly. He added that Saudi Arabi...
Diesel and Fuel Oil Pumped to Power Plants to Be Redirected
A source at the petroleum ministry revealed to Egypt Oil & Gas that the quantities of diesel and fuel oil pumped to power plants will be redirected to build up the strategic reserves. This move comes in light of ...
EGPC Says Fuel Crisis is Over, Dues Paid on Schedule
In an exclusive statements made to Egypt Oil & Gas (EOG) EGPC Vice Executive Chairman for Operations, Amr Mustafa confirmed that the fuel crisis had come to an end in all provinces. This was after 22,000 tons of g...
India to Beef Up Strategic Reserves with Iraq Crude
State refiners Indian Oil Corp and Hindustan Petroleum Corp are holding talks with Iraq’s national oil company to buy 4 million barrels of Basra light crude oil for India’s strategic petroleum reserves (SP...Page 1 of 1
