Diverging Fortunes: Oil Price Decline Has Positive Impact on Egypt
It is difficult to make use of the low price of Brent Crude and import additional quantities of crude or…
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egyptian general petroleum corporation
British Gas, Petronas, Gaz De France to Invest $700mn in Egypt
Egypt signed on Thursday a new oil and gas exploration agreement with British Gas, Malaysia's Petronas, and Gaz de…
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…
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…
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’s EGPC to Buy 65% Oil Imports from UAE’s ADNOC
Egyptian General Petroleum Corporation (EGPC) will buy 65 percent of its oil product imports from the United Arab…
