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Oil Ministry appoints new EGPC chairman
Oil Minister Tarek El Molla has appointed Alaa Al Batal as chairman of the Egyptian General Petroleum Corporation (EGPC), effective…
Another USD 2.6 bn in ITFC financing on the horizon?
Egypt to get USD 2.6 bn in financing from ITFC? The International Islamic Trade Finance Corporation (ITFC) has approved USD…
Eni commits USD 1 bn to oil exploration in Suez Gulf + Nile Delta
Eni to invest at least USD 1 bn on oil production in Suez Gulf, Nile Delta: Italian energy firm Eni…
Butane gas for home use rises in price nearly 8%
Gas cylinders just got a little pricier: The Oil Ministry hiked butane gas cylinder prices by 7.7%, reaching EGP 70…
El Molla meets US energy secretary in Glasgow + is more IFTC finance in the pipeline?
Oil Minister Tarek El Molla met with US Secretary of Energy Jennifer Granholm at the COP26 summit in Glasgow, where…
New infusions of USD for state, banking system?
The Madbouly government is looking to raise USD 2 bn through a three-year syndicated facility, according to a Finance Ministry…
A merger in the Western Desert
Eni to merge two concessions in Western Desert: Eni has signed an agreement with the Egyptian General Petroleum Corporation (EGPC)…
Shaking off the cobwebs
The government is going to do a new valuation on Abu Qir Fertilizers as it prepares a new timeline for…
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