Wednesday 1 July 2015
 
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EGPC

Egypt buys up to 483,000 tonnes gasoil for February

Egyptian General Petroleum Corp (EGPC) bought up to 483,000 tonnes of gasoil for delivery in February, trade sources said.   Egypt's large monthly purchase is expected to support gasoil margins in Asia and th

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Egypt seeks up to 285,000 t gasoil for February

Egyptian General Petroleum Corp (EGPC) is seeking up to 285,000 tonnes of gasoil for delivery in February, more spot volumes than it sought in January, traders said.  

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Kuwait Energy finds new hydrocarbon site in Egypt

Kuwait Energy, an independent oil and gas company, and its partner the Egyptian General Petroleum Corporation (EGPC), have announced the discovery of hydrocarbons on the East Ras Qattara development lease in Egypt. The exploration

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EGPC to buy 65pc of its oil products from UAE

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. The agre

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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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