Latest in Highlight
We target to increase oil production to 700,000 barrels per day during 2016: Official
EGPC is working on an agreement with Saudi Arabia, Kuwait, and the UAE on the importation of shipments of petroleum materials and crude oil to meet the growing demand of the domestic market.
Value of the debt decreased following a reduction in global oil prices
King of Saudi Arabia orders increase of investment and securing Egypt’s needs of petroleum for five years
Ministry of International Cooperation negotiating with Saudi Arabia on long-term petroleum facilities, according to an official source
On Sunday, IEC said it has no further announcements than the ones made on 6 December, in which it said it will act to collect the awarded amount
We support the government’s decision, says businessman Alaa Arafa
EGPC acquired $160m in October instead of $700m, says official
Edison completes seismic studies for its concession area in December
12 contracts signed in pipeline sector
Shell reduced the number of wells to be dug, due to Brent price decline
Fines to be imposed on BP and WRE DEA if linking wells to production is delayed
The loan will be used in financing the imported petroleum shipments the company receives to meet local demand
Minister of Petroleum Sherif Ismail said that signing the two agreements is a mutual cooperation between public companies in Egypt and Russia.
The programme will be applied in all governorates in Egypt, whereby ACPA will be responsible for the transformation process
Expected decline in fuel consumption is 5% during new fiscal year, says EGPC executive chairman
Butane gas consumption sees only slight rise of 3%-4% in Ramadan, says former EGPC Vice Chairman
In 2013, Egypt’s total primary energy consumption was 1.7m barrels per day of oil equivalent, according to BP 2014 Statistical Review of World Energy
Agreement signed between company and EGPC to modify gas prices, introduce new activities
Fuel subsidies were trimmed through this fiscal year to EGP 100bn to face budget deficit
$1.6bn for importing diesel fuel shipments from June until August, says Tarek El Molla
Egypt’s coal consumption reaches 0.5m tonnes in 2013/2014, world consumption amounts to 3.7bn tonnes
Work is being finalised on the procedures of obtaining a $3bn loan from the Islamic Development Bank (IDB), allocated to the Egyptian General Petroleum Corporation (EGPC). The procedures for the loan are set to be completed by June, said Chairman of EGPC, Tarek El-Mulla, adding that the IDB loan will be issued due to a …
El Molla assured that no Ministry of Finance budget will be allocated to import gas
1.1bn oil barrels of reserve for the “9” zone in Basra
Largest contribution in the sector made through BP
Prime Minister Ibrahim Mehleb formed a committee to fix the current financial issues between the Ministers of Petroleum, Finance, and Electricity.
Total foreign investment, which is being pumped this year, is estimated at $7.5bn.
Contract signed to supply diesel production to EGPC at global prices for 25 years
Operating Helwan, Al-Qawmeya, and Al-Katameya plants only due to their link to Gharadiq field