Oil & Gas News
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Egypt seeking a $1.5 bln loan to repay oil debts -Oil Minister
Egypt wants "a loan from local and international banks for at least $1.5 billion of debt to foreign companies operating in Egypt."
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TAQA Arabia expands energy supply to Egypt's underserved market
“TAQA Oil Marketing looks forward to rolling out our new expansion plan in Egypt’s underserved markets,” said TAQA Arabia CEO, Pakinam Kafafi.
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Egypt to buy 102,000 tons of diesel fuel in September
The General Authority for Supply Commodities plans to purchase 102,000 tons of diesel fuel to be delivered in September.
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BG Group profits rise but Egypt woes weigh
In the absence of concerted action from the Egyptian government, the future commercial operation of Egyptian LNG remains at risk.
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Egypt moves on energy reform from the ground up
The new program is part of a wide ranging effort to finally address the country’s energy crisis.
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WB: U.S. $500 mln loan to connect 1.5 mln Households to Natural Gas
The Project supports the Egyptian government's program to replace household consumption of Liquefied Petroleum Gas with grid-connected natural gas.
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Egypt seeks to clinch LNG deal with Algeria, but will pay high price
The deal is intended to alleviate Egypt's energy crisis after talks for it to import more gas from Qatar broke down.
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Egyptian oil company added to EU trade sanctions list
Maadi-based oil trader Tri Oceans Trading has been added to a list of companies sanctioned by the European Union.
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Egypt proposes $540 million worth of petrochemical plants to the UAE
The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tons of molasses annually.
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Egypt to pay off $6 billion in arrears to foreign oil firms by 2017
Payment comes as government finalises investment deals to address an ongoing energy crisis.
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Egypt planning $540 million petchem projects with UAE
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at Ministry of Petroleum.
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BP to invest $10bn in Egypt's gas fields over next 5 years
Deal should see work begin in gas fields capable of producing 20 percent of Egypt's total daily gas output.
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Egypt tries crude swaps to import crucial foreign oil
Egypt has been largely unable to buy crude oil in the international market for more than a year due to a domestic subsidy scheme.
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Egypt issues tender to swap Qarun crude oil for Iraqi Basra Light
The tender specifies that the delivery will take place through storage-tank transfer at its oil hub Sidi Kerir on August 16.
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No fix for Egypt's LNG needs as search for terminal widens
EGAS and EGPC promised to have a terminal up and running last summer until a chaotic tendering process and political upheaval pushed back the job.
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Will Egypt embrace Israeli Gas?
Despite early opposition to restarting energy trade with Israel, Cairo now appears willing to explore the possibility.
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Egyptian minister says "no eambarassment" in British import of Israeli gas
Petroleum minister says there is no 'embarrassment' in Egypt indirectly importing Israeli gas, given Egypt's economic situation and interests.
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Egypt's Prime Minister defends fuel-price increase
Egypt's public has long relied on government-subsidized fuel, bread and energy that account for nearly one-third of the nation's budget.
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Oil price hike could cause 200% increase in cost of other goods: CPA
Zeinab Awad Allah also warned the cost increase could start monopolies and would cause public anger and backlash.
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Egypt cuts natural gas subsidies to factories, increase by 30-75%
Egypt's government said it was determined to tackle the subsidies' burden and cut most within five years.