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Egyptian General Petroleum Corporation

Egyptian General Petroleum Corporation latest

The first Master Murabaha agreement was signed by Eng. Hani Salem Sonbol, Chief Executive Officer ITFC and Ahmed Yousef, Deputy Chairman of the Commodity Supply Authority. (SG)
September 9th, 2018 - 08:02 GMT

Egypt to Receive $3 Billion From ITFC Agreement

The International Islamic Trade Finance Corporation (ITFC) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilization of the 5th Framework agreement.
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Flames rise from a pipeline in Egypt that delivers gas to Israel and Jordan after an attack by militants. (AFP/ File)
May 2nd, 2017 - 12:46 GMT

When Egypt Plays With Fire: Israel Asks for $3-Billion Compensation for 2012 Gas Cuts

With the two latest deals, Egypt's petroleum sector would have concluded 76 deals for oil and gas exploration with international companies since November 2013. (Shutterstock)
January 18th, 2017 - 05:00 GMT

Egypt signs oil and gas exploration deals worth $30M

Egypt's Ministry of Petroleum has no information about the suspension of supplies during October. (File photo)
October 24th, 2016 - 11:00 GMT

Egypt calls for inquiry as Saudi oil shipments remain suspended

Since last May, Egypt has purchased 400,000 tons of kerosene, 200,000 tons of gasoline and 100,000 tons of diesel from Saudi Aramco. (Shutterstock)
October 13th, 2016 - 06:00 GMT

Confusion continues over Saudi oil shipments to Egypt

In April, Saudi Aramco signed a $23B contract with the EGPC to supply Egypt with 700,000 tonnes of oil products monthly over a five-year period. (File photo)
October 11th, 2016 - 07:00 GMT

Saudi Aramco insists halted oil shipments to Egypt are temporary

Egypt announced additional tenders for 665,000 tonnes of gasoil and 132,000 tonnes of gasoline for November arrival, levels that could suggest a protracted delay of Aramco products. (Shutterstock)
October 9th, 2016 - 08:30 GMT

Halted Saudi oil deliveries leave Egypt scrambling for tenders

Through its various subsidiaries, EGPC engages in all aspects of the petroleum industry. (Shutterstock)
October 6th, 2016 - 11:00 GMT

Apicorp arranges $100M Murabaha financing for Egyptian General Petroleum Corporation

Shell has used modern technology in the seismic survey phase of the field and dug one of the deepest wells in the western desert. (File photo)
September 1st, 2016 - 03:55 GMT

Royal Dutch Shell makes new gas discovery in Egypt's western desert

The Dutch company Shell acquired all assets and concessions of BG in February 2016.  (Shell)
May 19th, 2016 - 07:00 GMT

Egypt: Shell and British Gas to receive $400M of $3.2B dues in June

Also announced during King Salman's visit to Egypt were an economic free-zone and housing, electricity, road and agriculture projects aimed at developing Sinai. (SPA)
April 11th, 2016 - 06:09 GMT

Egypt, Saudi Arabia ink $25B worth of investments during King Salman's visit

Israel was formerly an importer of gas, but has recently established itself as an exporter following the discovery of the Leviathan offshore deposit and Tamar fields in 2009. (File photo)
March 29th, 2016 - 11:00 GMT

Israel court ruling jeopardizes regional gas export deals

In addition to the EMG conflict, the gas export deal also faces hurdles within the Egyptian government. (File photo)
January 12th, 2016 - 05:45 GMT

Hot air hurdles: EMG denials put Israel gas exports to Egypt in question

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