OIL AND GAS

26 Sep 2016

Egypt petrol subsidy bill down 29% in 2015-2016

Cairo: Egypt's spending on petroleum subsidies dropped by 28.7 percent in the 2015-16 financial year to compared to one year earlier, Petroleum Minister Tarek El Molla said on Sunday, a greater decline than previously announced.

Egypt"...

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25 Sep 2016

Egypt selects three major companies for LNG tender

CAIRO/MILAN: Egypt has chosen Glencore, Trafigura and B.B. Energy to supply three liquefied natural gas (LNG) shipments following a tender, trade sources said.

Egyptian Natural Gas Holding launched a tender two weeks ago to secure shipments for the rest of the year.

Trading house Glencore will deliver the October cargo, Trafigura the November cargo...

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24 Sep 2016

Italy’s Eni upgrades potential of gas field Baltim South West in Egypt

Italian oil and gas company Eni has upgraded the field potential of Baltim South West to 1 trillion cubic feet (Tcf) of gas in place.

The announcement regarding the potential of the field has been made following"...

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24 Sep 2016

Egypt purchased sunflower and soybean oil via tender

Egyptian state trading company Food Industries Holding Company (FIHC) purchased sunflower and soybean oil via tender, held on September, 22 2016.

Thus, 20 KMT of sunflower oil were purchased from Noble at USD"...

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22 Sep 2016

Yiwu Fair to Highlight “Made-in-Zhejiang”

The 22nd Yiwu Fair, scheduled to take place on October 21-25, 2016 in Yiwu City, Zhejiang Province, China, will present three “Made-in-Zhejiang”-themed exhibition zones, namely “Quality Products of Zhejiang”, “Smart Products of Zhejiang” and “Famous"...

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21 Sep 2016

Taqa Arabia, Dolphinus call for licence to import gas from EGAS to private sector

Taqa Arabia and Dolphinus Holdings sent a formal request to Egyptian Natural Gas Holding (EGAS) to obtain a licence to import natural gas through the private sector in the Egyptian market.

A senior source in the petroleum sector told Daily News Egypt that the gas market regulation authority"...

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21 Sep 2016

Fuel smartcards to end leaks to black markets

The much awaited government sponsored fuel smart cards could be launched by year end, government officials have said, a move hailed as key in sealing leakage of subsidized petroleum products into the black market.

According"...

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21 Sep 2016

Egypt's fuel smart card system likely to be activated by end of year: E-Finance

The smart cards are part of a government programme to prevent the leakage of subsidised petroleum products onto the black market and into the hands of smugglers

The long-planned smart card system at Egyptian gas stations will “most likely be activated by the end of this year,”"...

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19 Sep 2016

Egypt government to start IPO program with oil companies

Egypt is set to launch its initial public offerings in government-owned companies with oil sector businesses, aiming to collect up to $10 billion dollars within three to five years, the minister of investment said.

The"...

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19 Sep 2016

Egypt government to start IPO programme with oil companies

Egypt is set to launch its initial public offerings in government-owned companies with oil sector businesses, aiming to collect up to US$10 billion dollars within three to five years, the minister of investment said.

The"...

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