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FINANCIAL NEWS
Shell in talks with Egypt to enhance natural gas supply
13 Oct 2016
(MENAFN) The Egyptian government aims to increase the local energy supply and restarting LNG exports, as it continues talks with Shell to raise the volume of gas sent to the Idku LNG plant.
Accordingly, Shell”s Idku gas treatment and liquefaction facilities provide an economic edge for the country.
Moreover, the Egyptian General Petroleum Corp. paid Shell USD480mn in Sep in bank installments for Idku supply disruptions.
In addition, Egypt owes Shell USD1.3bn as of July; a sum that has increased due to unpaid production at the Borollos and Rashid fields.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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