Egyptian General Petroleum Corporation

Petroleum authority feels effects of credit downgrade
Business

Petroleum authority feels effects of credit downgrade

  The General Petroleum Corporation will likely have trouble seeking loans following an international credit rating agency's decision to downgrade…
Diesel fuel shortage enters fourth week
Egypt

Diesel fuel shortage enters fourth week

Cars queued up at gas stations on Friday for the fourth consecutive week as the diesel gas shortage continues. The…
Egypt issues diesel tender to meet fuel gap
Egypt

Egypt issues diesel tender to meet fuel gap

The Egyptian General Petroleum Corporation issued on Wednesday a tender requesting 450,000 tons of diesel per month from January until…
Petroleum minister: Sukari gold mine problem resolved
Business

Petroleum minister: Sukari gold mine problem resolved

Petroleum Minister Osama Kamal has said that the dispute between the Egyptian General Petroleum Corporation and Centamin, the company that…
Egypt holds crude oil tender for first quarter 2013
Business

Egypt holds crude oil tender for first quarter 2013

The Egyptian General Petroleum Corporation launched a tender for the purchase of 6 million barrels of oil, or 2 million…
Oil exports increased by 8.9% to pay off debts
Business

Oil exports increased by 8.9% to pay off debts

Sources within the Petroleum Ministry said Monday that the ministry has increased exports of liquefied natural gas through the Damietta…
Authorities increase oil supply to meet summer demand
Egypt

Authorities increase oil supply to meet summer demand

The Egyptian General Petroleum Corporation is preparing for an increase in demand for oil during the summer months. EGPC head…
Is the govt covering up the cause of the fuel shortage?
Business

Is the govt covering up the cause of the fuel shortage?

Egypt has been in the grips of an on-again, off-again fuel shortage for over a year now, with massive lines…
Finance Ministry transfers US$200 million to petroleum corporation
Business

Finance Ministry transfers US$200 million to petroleum corporation

The Finance Ministry on Tuesday transferred US$200 million to the Egyptian General Petroleum Corporation to finance the import of petroleum products,…
Petroleum Ministry denies responsibility for fuel shortage
Egypt

Petroleum Ministry denies responsibility for fuel shortage

The Petroleum Ministry again denied responsibility for the ongoing fuel crisis on Monday.
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