Qalaa: ERC’s refinery will save Egypt $1.8 billion annually
The Egyptian Refining Company’s (ERC), anticipated oil refinery project will save Egypt between $1.5 billion and…
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egyptian general petroleum corporation
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 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…
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…
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…
Egypt-Aramco deal not determined value of Saudi oil exports
The oil deal signed by the state-run Egyptian General Petroleum Corporation(EGPC) and Saudi-based Aramco has not…
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…
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…
