Aramco shipments officially resume - ENTERPRISE

Sunday, 19 March 2017

Saudi Aramco has resume shipments of petroleum products to Egypt, which received shipments on both Friday and Saturday, Oil Minister Tarek El Molla told CBC’s Lamees El Hadidi last night. The next two shipments are scheduled to arrive on 25 and 26 March and will then return to a regular schedule from next month. Egypt is set to buy c. USD 320-340 mn each month at today’s prices. El Molla had told Reuters’ Arabic service on Thursday that the shipments were expected to resume by the end of March or in early April. The resumption of shipments — part of a USD 23 bn, five-year supply agreement halted last year amid rising tensions between Cairo and Riyadh — was announced last Wednesday.

How is the Egyptian General Petroleum Authority coping with fuel shortages after Saudi Arabia rescinded on a deal to provide Egypt with petrol and diesel shipments - ZAWYA / AL AHRAM WEEKLY

18 March 2017

Ahmed Ismail

Egypt’s Ministry of Petroleum and Mineral Resources is seeking a deal with the Iraqi government to import around one million barrels of crude oil to meet some of the Egyptian market’s petroleum needs after the Saudi company Aramco stopped deliveries of petrol and diesel fuel to Egypt in October.

According to Tarek Al-Hadidi, CEO of the Egyptian General Petroleum Authority (EGPA), the first shipment of Iraqi crude oil is scheduled in March “to be processed at Egyptian refineries and produce petroleum outputs for the domestic market.”

Egypt replaces heads of state oil and gas companies - REUTERS

Wed Mar 15, 2017 8:45am GMTWriting by Amina Ismail; Editing by Ruth Pitchford
CAIRO (Reuters) - Egyptian Oil Minister Tarek al-Molla has replaced the heads of state oil company EGPC and state gas company EGAS, the Ministry of Petroleum said in a statement on Tuesday.

Abed Ezz el-Regal will replace Tarek al-Hadidi, appointed in April 2016, as head of EGPC while Osama Al Bakly will take over from Mohamed al-Masry as head of EGAS.

Egypt nearing deal with Iraq in search for crude oil imports - REUTERS

Tue Feb 14, 2017 | 12:02pm EST
Lin Noueihed, Eric Knecht, Asma Alsharif; Editing by Jason Neely and Alexander Smith

Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help secure supply, Egyptian General Petroleum Corporation's chief Tarek al-Hadidi said.

Cairo's search for additional crude comes after Saudi Arabia's state oil firm Saudi Aramco halted shipments of oil products to Egypt last year.

The $23 billion Saudi aid deal had included 700,000 tonnes of refined oil products per month for five years. Aramco has never provided a reason for why the deal was halted.

Minister of Petroleum follows up on development of Zohr field - ENERGY EGYPT

December 18, 2016

Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with the Higher Committee, comprised of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Petrobel, and Italy’s Eni, to follow up on the development of the Zohr field project. EGAS Chairman Eng. Mohamed Al-Masry, EGPC Chairman Eng. Tarek El Hadidy, Petrobel’s Chairman Eng. Atef Hassan, Petrojet’s Chairman Eng Mohamed Shemi, Enppi’s Chairman Eng. Mohamed Hathot, Eng. Adriano Mongini and Eng. Antonio Villa, representing Eni and IEOC, as well as representatives from Saipem were all present at the meeting.

Eng. Tarek El Molla said That Zohr field is a producing almost 900 million cubic feet of gas per day and will top 1 billion cubic feet per day in the end of 2017, and the development plan for the field to increase production will top 1 billion cubic feet per day in the end of 2019.

Egypt approaches self-sufficiency - NGW MAGAZINE

September 11th, 201611:45am, Charles Ellinas

Egypt has attracted large and small producers, thanks to higher well-head prices and favourable geology. Its ultimate goal is not only self-sufficiency but a surplus for exports.

Egypt’s gas demand is 52bn m³/yr and is expected to continue rising and may reach 65-70bn m³/yr over the next ten years. A combination of a switch to renewables, lower subsidies, higher gas prices and an awareness campaign by the Egyptian government about more efficient energy use may help stem the rampant increase in demand. But even with these, without new gas coming online the gas deficit of 7bn m³/yr in 2015 will carry on growing.

Egypt replaces heads of state oil and gas companies - REUTERS

Thu Apr 7, 2016

CAIRO (Reuters) - Egyptian Oil Minister Tarek al-Molla replaced the heads of state oil company EGPC and state gas company EGAS on Thursday, part of a slew of new appointments in the Egyptian energy sector.

Mohamed al-Masry will replace Khaled Abdel Badie as head of EGAS, while Tarek al-Hadidi will take over from Masry as head of EGPC.

(Reporting by Ehab Farouk; Writing by Ahmed Aboulenein; Editing by Mark Potter)
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