Friday 25 April 2014
 
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EGPC

Egypt to auction for 22 oil, gas concessions

Egypt's General Petroleum Corporation (EGPC) and Natural Gas Holding Company (EGAS) announced on Monday an international auction for 22 concessions for oil and gas exploration in accordance with production-sharing agreements.

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Egypt to start paying foreign oil firms by year end

Egypt will begin repaying the more than $6 billion it owes to foreign oil companies within two months, the chairman of state-run Egyptian General Petroleum Corporation (EGPC) said on Monday. "By hook or crook we will get them

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Egypt names new chief for oil firm

Egypt has appointed Tarek El Molla as chairman of state-run Egyptian General Petroleum Corp (EGPC), the oil ministry said, a move that is likely to encourage foreign oil companies operating there.   "Tarek E

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Kuwait Energy unit sees rise in production

Kuwait Energy, a major oil and gas exploration and production firm, has announced a production increase at its East Ras Qattara (ERQ) Concession in Egypt, in which it holds a 49.5 per cent interest. The announcement was made with

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Egypt struggles to buy oil as currency crisis deepens

  Egypt's currency crisis has intensified its oil supply troubles, as the weaker pound makes it more difficult for cash-strapped Cairo to buy vital crude for its refineries.   State-owned Egypti

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Egypt oil round results soon

  The results of an oil and gas bid round launched in September 2011 by state-owned Egyptian General Petroleum Corporation (EGPC) will be announced soon, almost seven months since the closing date, an EGPC official said on Tuesda

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Citadel sees financing for $2.2bn refinery in Q2

Private equity firm Citadel Capital expects to close a $2.2 billion financing related to an Egyptian refinery in the second quarter, company executives said on Tuesday. Financing for the project, a greenfield refinery in partnership with E

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Egypt state oil firm raises $91m for projects

State-owned Egyptian General Petroleum Corporation (EGPC) has mandated Arab African International Bank to raise a EGP500 million ($91 million) loan, the bank said on Monday. EGPC, which will use the loan for projects and imports, was also

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EGPC eyes $2 billion loan

Egypt's state-owned Egyptian General Petroleum Corporation (EGPC) is looking to secure a $2 billion, 58-month debt financing that will be used for export finance, bankers said. Banks have formed several bidding groups for the financing

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Egypt weighs up offers oil and gas blocks

Egypt is still evaluating offers it received for its latest oil and gas bid round offering 11 blocks in the Gulf of Suez  and the South Eastern Desert, the country's oil minister said on Saturday. 'I think they are under asses

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