Egyptian General Petroleum Corporation (EGPC)
Famous American company invests US$ 3.5 billion in an Egyptian vital sector
Business
December 27, 2021
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
May 14, 2019
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
August 14, 2018
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
May 2, 2017
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
April 29, 2017
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
October 12, 2016
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
October 8, 2016
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
September 25, 2016
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
August 15, 2016
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
June 15, 2016
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…