Afreximbank grants $200 million facility to support Egypt’s electricity sector
The African Export-Import Bank (Afreximbank) signed Tuesday a $200 million loan facility agreement with the…
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EGPC
Saudi-based Apicorp arranges $100m Islamic financing for Egypt’s EGPC
Saudi Arabia-based Arab Petroleum Investments Corp (APICORP) has arranged a three-year $100 million murabaha…
Egypt General Petroleum targets 177,000 tonnes of gasoil for October
State-run Egyptian General Petroleum Corp (EGPC) is seeking 177,000 tonnes of gasoil for delivery into Suez,…
Egypt petrol subsidy bill drops 29% in FY2015-2016
Egypt's spending on petroleum subsidies fell by 28.7 percent in the 2015-16 financial year to compared to one year…
Egypt signs $595 mln oil, gas agreements with BP, Eni’s unit
Egypt has signed Saturday three agreements for oil and natural gas explorations that are expected to bring in new…
Kuwait Energy says heralds oil production from Al Jahra SE-1X in Egypt
Kuwait Energy plc (Kuwait Energy) announced Monday the start of oil production from Al Jahra SE-1X exploration well…
Shell announces new gas find in Egypt with 500bn cubic ft reserves
Royal Dutch Shell announced Wednesday a new natural gas discovery in Egypt’s Western Desert. The company said in a…
Egypt’s GUPCO ups crude oil production to 76,500 barrels/day
Gulf of Suez Petroleum Co – GUPCO, a joint venture between the Egyptian Government and BP Plc, has recently boosted…
Misr Insurance insures Eni’s supergiant gas find Zohr – Phase I for $4.8 bln
Egypt’s Misr Insurance is providing insurance coverage for Italian Eni’s first phase of its giant offshore Zohr gas…
Shell ups investments 13% despite falling oil prices: Egyptian official
Oil giant Shell has boosted its investments in Egypt by 13 percent approximately despite the continued declines in…