Egyptian General Petroleum Corporation (EGPC)

Famous American company invests US$ 3.5 billion in an Egyptian vital sector
Business

Famous American company invests US$ 3.5 billion in an Egyptian vital sector

Egypt signed an agreement with the American Apache Corporation in which the company will invest in the energy sector, which…
Egypt to export 12 million tons of natural gas during 2019-2020, EGPC
Business

Egypt to export 12 million tons of natural gas during 2019-2020, EGPC

The Egyptian General Petroleum Corporation (EGPC) is expected to export 12 million tons of natural gas worth US$2 billion (LE…
Egypt’s Petroleum minister signs 3 oil exploration deals with foreign companies
Business

Egypt’s Petroleum minister signs 3 oil exploration deals with foreign companies

  Petroleum Minister Tarek al-Mulla signed three agreements for the exploration of oil and natural gas in the Mediterranean Sea,…
Egypt seeks negotiations over compensation to Israel in gas row
Business

Egypt seeks negotiations over compensation to Israel in gas row

Egypt's government is considering offers to open negotiations with Israel again in an attempt to drop the international arbitration fine…
Swiss court tells Egyptian energy companies to compensate Israel
Egypt

Swiss court tells Egyptian energy companies to compensate Israel

A Swiss court has rejected an appeal by Egyptian energy companies after a French court last year ordered them to…
Agreement with Aramco ongoing, delay of shipments normal: minister
Business

Agreement with Aramco ongoing, delay of shipments normal: minister

Petroleum Ministry Spokesperson Hamdy Abdel Aziz has responded to rumours that Saudi Aramco is planning to halt supplies of petroleum…
Without Saudi oil aid, Egypt rushes out big buy tenders
Egypt

Without Saudi oil aid, Egypt rushes out big buy tenders

Egypt has not received October allocations of petroleum aid from Saudi Arabia, traders told Reuters, forcing its state oil buyer…
Egypt petrol subsidy bill down 29% in 2015-2016
Business

Egypt petrol subsidy bill down 29% in 2015-2016

Egypt's spending on petroleum subsidies dropped by 28.7 percent in the 2015-16 financial year to compared to one year earlier,…
Egypt’s 2015/16 petroleum subsidy spending down 23 percent
Business

Egypt’s 2015/16 petroleum subsidy spending down 23 percent

Egypt's spending on petroleum subsidies fell by 23 percent in 2015/16 to 55 billion Egyptian pounds ($6.27 billion), Tarek al-Hadidi,…
Egypt’s EGAS wins case over gas cuts at LNG plant
Business

Egypt’s EGAS wins case over gas cuts at LNG plant

The Paris-based International Court of Arbitration has ruled that Egypt's state gas board EGAS will not have to pay a…
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