Egypt's state oil company Egyptian General Petroleum Corporation (EGPC) will buy 65 per cent of its oil product import needs from the UAE’s Adnoc for one year after the government approved the deal on Wednesday.
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.
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
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.
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
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
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
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
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