Egypt will start receiving the first Iraqi crude oil shipments of 2 million barrels on May 12, …
EGPC
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Industry & Trade
Swiss court orders Egyptian energy companies to compensate Israel
by Yomna Yasserby Yomna YasserA Swiss court has rejected an appeal by Egyptian energy companies after a French court last year …
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Industry & Trade
Egypt to pay off half of $3.5bn to oil firms next weeks- minister
by nada nasserby nada nasserEgypt expects to cut by around half the $3.5 billion within next few weeks in arrears it …
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Industry & Trade
Rosneft purchases Egyptian crude for first time in tender
by Yomna Yasserby Yomna YasserThe trading arm of Russia’s state oil firm Rosneft has bought three cargoes of Egypt’s heavy sour …
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Egypt is nearing an agreement to import crude oil from Iraq and is looking to other countries …
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Industry & Trade
Cairo to finalise oil import deal with Iraq in February: official
by Yomna Yasserby Yomna YasserHead of Egypt’s state-run oil company EGPC Tarek El-Hadidi said an Egyptian delegation would visit Iraq this month …
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Industry & Trade
Egypt pumps 75mn T of fuel daily to meet market’s needs: EGPC
by Noha Gadby Noha GadEgyptian oil sector pumps around 75 million tonnes of fuel daily in different governorates to cover needs …
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Egyptian General Petroleum Corp (EGPC) is seeking up to 1.012 million tonnes of gasoil for delivery in …
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Banks
Afreximbank grants $200 million facility to support Egypt’s electricity sector
by Yomna Yasserby Yomna YasserThe African Export-Import Bank (Afreximbank) signed Tuesday a $200 million loan facility agreement with the state-run Egyptian …
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Egypt News
Saudi-based Apicorp arranges $100m Islamic financing for Egypt’s EGPC
by Noha Gadby Noha GadSaudi Arabia-based Arab Petroleum Investments Corp (APICORP) has arranged a three-year $100 million murabaha financing facility for …