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$3.8bn investments of BP in Atul field for producing 300m cubic feet of gas in December 2018
Increasing the quantity of gas imports will meet the demands for economic development, says Petroleum Minister El-Molla
Investment of foreign companies totalled $7bn in 2015
Value of the debt decreased following a reduction in global oil prices
Providing fuel of various kinds in holiday period and beginning of academic year, diesel and butane gas storage is enough, says El Molla
El Molla was able to reduce the EGPC’s dues to governmental bodies, to approximately EGP 135bn compared to the EGP 195bn at the end of August
Value of crude obtained daily from foreign companies declines to $380m
Expected decline in fuel consumption is 5% during new fiscal year, says EGPC executive chairman
$1.6bn for importing diesel fuel shipments from June until August, says Tarek El Molla
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.
“We will not increase fuel imports because the financial resources are not available,” says EGPC chairman El Molla
EGPC, petroleum sector companies register EGP 72.2bn profit during FY 2013/2014