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…
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EGPC
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…
Qalaa: Egypt’s $3.7bn largest refinery project is in ‘final stage’
The Egyptian Refining Company (ERC), a subsidiary of one of Egypt's largest investment companies Qalaa Holdings, is…
BG Egypt halts some development wells over gas price disagreement
BG Egypt has suspended work at some development projects in Egypt after the company could not reach agreement over…
Two banking consortia offer $325 million for Egypt’s Assiut refinery
The state-run Egyptian General Petroleum Corporation (EGPC) has received two banking offers to secure around $325…
Italy’s Eni expects up to 51,000 barrels a day in Egypt new find
Italian oil major Eni announced Friday it successfully drilled the Nidoco North 1X well, in the exploration…
Egypt seizes lion’s share of Int’l Islamic Trade Finance Corp’s finances
Egypt captures the lion’s share of the International Islamic Trade Finance Corporation’s funding programmes,…
Oil price drop spurs Egypt fuel subsidy phase-out once more
The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to reduce…
Egyptian oil firm EGPC denies talks to delay dollar payments to banks
Egyptian General Petroleum Corp (EGPC) denied Tuesday any negotiations with banks to delay dollar payments owed to…