United Bank Injects EGP200mn in Biggest Loan in Egypt’s Banking Sector
United Bank Egypt is investing EGP 200 million in a syndicated loan for the state-owned Egyptian General Petroleum…
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Egypt’s Khalda Eyes Gas Production Rates of 940m SCF by Year-end
Khalda Petroleum Company (KPC) is planning to boost its production rates to 940 million cubic feet of natural gas…
Kuwait Energy Announces Discovery at Egypt’s Abu Sennan
Kuwait Energy and their main partner, the Egyptian General Petroleum Corporation (EGPC), announce Wednesday that…
Egypt Inks new Oil and Gas Exploration Deal in Western Desert
Egypt’s Oil Minister Sherif Ismael signed an agreement Tuesday with Tharwa Petroleum for oil and gas explorations…
NBE Opens US$240mn Letters of Credit to Ship 2 million Barrels of Oil from Kuwait
National Bank of Egypt (NBE) has approved to open letters of credit worth US$240 million in favor of Egyptian…
France’s Total Wins Egypt Gas Exploration Licence -Source
French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the…
Saudi Arabia Sent US$3bln Fuel Aids to Egypt in 5 Months
An official source in Egyptian General Petroleum Corporation (EGPC) told on Thursday that Egypt obtained US$3…
Egyptian Petroleum Sector Hits EGP30 billion Profits in 1 Year
The Business results of Egypt's petroleum public sector, Holding companies and Egyptian General Petroleum…
Egypt Tenders to Buy Fuel Oil for Oct-Dec
Egypt's state-owned oil company has launched a tender to import hundreds of thousands of tonnes of fuel oil for…
Egypt Signs Exploration Agreements
Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian…