Petroleum Ministry to re-draft contracting forms by end of 2018
The petroleum committee met foreign partners to discuss their suggestions for amendments
Petrobel achieves 30% increase over target in gas production
Company produces 75,000 crude oil barrels
Petroleum Ministry to dispense with one of Ain Sokhna’s gasification ships by 2018
New gas discoveries contributed to reducing gas imports, says El Molla
Cheiron PICO acquires a 50% stake in Sahara North Bahariya
EFG Capital Partners received the complete value of the deal, totaling $83m
Fuel subsidy bill this fiscal year will exceed EGP 110bn: El Molla
We cannot continue subsidising fuel this way, says Minister of Petroleum
Eni starts extraction of 200m cubic feet of gas per day from Zohr in October
Company to rent a temporary gas processing plant until the completion of…
EGPC sets exchange rate for repayment of foreign partners at EGP 17 per US dollar
Large part of the bill paid in Egyptian pounds, says source
Petroleum Ministry asks for $270m per month for gas imports
Cancelation of third gasification vessel tender saved $120m per month, says source
Petroleum Ministry implements 11 development projects with investments of $17.5bn
The government is also speeding up gas expedition programmes