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Egypt Oil & Gas News

Dana Gas Receives $20M from Egypt
Dana Gas Receives $20M from Egypt EG >> 12/18/2019 - Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has received $20 million (AED 73m) from the Egyptian Government in Egyptian pounds. Total receipts from Egypt has ...
Egypt's New Budget Cuts Fuel Subsidies by 40.5 Percent in FY 2019/20
Egypt's New Budget Cuts Fuel Subsidies by 40.5 Percent in FY 2019/20 EG >> 4/16/2019 - A finance ministry report on Egypt’s new budget (2019/20) showed that fuel subsidies will be reduced by EGP 36.112 billion (40 percent) in the new fiscal year, Finance Minister Mohamed Mait said in a ...
TVEL Fuel Will Supply Nuclear Fuels for ETRR-2 Reactor in Egypt
TVEL Fuel Will Supply Nuclear Fuels for ETRR-2 Reactor in Egypt EG >> 4/15/2019 - In the course of Atomexpo-2019 International Forum, TVEL Fuel Company of Rosatom and the Egyptian Atomic Energy Authority signed the contract for supply of uranium-made components of reduced-enrichmen...
El Dabaa Nuclear Plant Granted a Site Permit
El Dabaa Nuclear Plant Granted a Site Permit EG >> 4/8/2019 - The Egyptian Nuclear Plants Authority (NPPA) was granted a site permit for the building of El Dabaa nuclear power plant, said head of the Nuclear Power Plants Authority Amged el Wakil. ...
Update on the South Disouq Development Project
Update on the South Disouq Development Project EG >> 4/8/2019 - SDX Energy plc announces, the current targeted start-up date for gas production at South Disouq of mid-year 2019 is based on an overall development concept, whereby an Early Production Facility (“EPF”...
Petroleum Minister & Saudi Counterpart Confer on Joint Cooperation
Petroleum Minister & Saudi Counterpart Confer on Joint Cooperation EG >> 4/7/2019 - Minister of Petroleum and Mineral Resources Tarek el Mullah conferred with his Saudi counterpart Khaled el Faleh on means of boosting joint cooperation in the fields of petroleum, gas and mineral weal...
Egypt & Jordan Discuss Work Progress in Joint Gas Projects
Egypt & Jordan Discuss Work Progress in Joint Gas Projects EG >> 4/5/2019 - Minister of Petroleum and Mineral Resources Tareq el Molla has discussed in a meeting with Jordanian Minister of Energy and Mineral Resources Hala Zwati work progress in joint projects and strategies ...
Petroleum Ministry & IFC Sign MoU on Funding Infrastructure Projects
Petroleum Ministry & IFC Sign MoU on Funding Infrastructure Projects EG >> 4/4/2019 - The Ministry of Petroleum signed a memorandum of understanding (MoU) with the International Finance Corporation (IFC) on funding infrastructure projects within the petroleum and natural gas sectors. ...
Completion of The Acquisition of Merlon El Fayum Petroleum Company
Completion of The Acquisition of Merlon El Fayum Petroleum Company EG >> 4/2/2019 - Further to the Company's announcement on 29 March 2019, SOCO is pleased to announce the completion of the acquisition of Merlon Petroleum El Fayum Company ("Merlon") from Merlon International LLC (the...
95 Octane Gasoline Price Will Remain Fixed for Coming 3 Months in Egypt
95 Octane Gasoline Price Will Remain Fixed for Coming 3 Months in Egypt EG >> 4/1/2019 - Egypt's Ministry of Petroleum decided to fix the sale price of 95 octane gasoline in the local market for three months to remain at EGP 7.75 per litre during the second quarter of this fiscal year, ac...
Dana Gas Receives $19m from Egypt
Dana Gas Receives $19m from Egypt EG >> 3/31/2019 - Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has received a payment of $19 million (AED 70 million) from its operations in Egypt. This payment is made up of a ...
Petrojet Revenues Hit EGP 26.5B in 2018
Petrojet Revenues Hit EGP 26.5B in 2018 EG >> 3/29/2019 - Revenues of the Petroleum Projects and Technical Consultations Co. (Petrojet) upped by 12 percent during the full-year 2018, recording EGP 26.5 billion, compared to 2017. ...
Strategy Under Way to Increase Production of Oil Refineries
Strategy Under Way to Increase Production of Oil Refineries EG >> 3/27/2019 - Petroleum Minister Tarek el Molla said that his ministry has a strategy for increasing the production of oil refineries to meet the local demand. ...
Israel's Delek Exploring Partnership with Egypt LNG Plants
Israel's Delek Exploring Partnership with Egypt LNG Plants EG >> 3/24/2019 - Israel’s Delek Drilling said it was exploring options to boost natural gas exports to Egypt, including the possibility of buying into a liquefied natural gas (LNG) terminal on the northern Egyptian co...
Eni Announces New Gas Discovery in Nour Prospect, Offshore Egypt
Eni Announces New Gas Discovery in Nour Prospect, Offshore Egypt EG >> 3/14/2019 - Eni announces a new gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean, about 50 km North of the Sinai pe...
Egypt's Offshore Red Sea International Bid Round /2019
Egypt's Offshore Red Sea International Bid Round /2019 EG >> 3/12/2019 - The Ministry of Petroleum and Mineral Resources of Egypt (M.O.P) invite international qualified and interested companies having the technical and financial capabilities for an International Bid Round ...
ADES with Vantage Secures Short-term Deepwater Drilling Contract
ADES with Vantage Secures Short-term Deepwater Drilling Contract EG >> 3/8/2019 - ADES International Holding PLC (ADES), a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has entered, through its...
New Investment for DEA in the Gulf of Suez
New Investment for DEA in the Gulf of Suez EG >> 3/7/2019 - DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum an...
El-Molla & EBRD Review Opportunities of Cooperation
El-Molla & EBRD Review Opportunities of Cooperation EG >> 3/6/2019 - Petroleum Minister Tareq el Molla had talks with First Vice President of the European Bank for Reconstruction and Development (EBRD), Jurgen Rigterink, on opportunities for promoting bilateral coopera...
TechnipFMC Completes Remaining Conditions with MIDOR
EG >> 3/5/2019 - TechnipFMC (FTI) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (M...
Egypt Raises LNG Exports from Idku to 800mcbf/d
Egypt Raises LNG Exports from Idku to 800mcbf/d EG >> 2/27/2019 - Egypt is currently exporting 800 million cubic feet of liquefied natural gas (LNG) per day from its Idku export plant, ‘s the petroleum minister has told financial newspaper Al-Borsa. ...
ENOC Group & Proserv Egypt Sign JV to Establish ENOC Misr
ENOC Group & Proserv Egypt Sign JV to Establish ENOC Misr EG >> 2/18/2019 - ENOC Group signed a joint venture (JV) agreement with Proserv Egypt to set up ENOC Misr, its first on-ground operations in the lubricants sector in Egypt. The agreement marks ENOC Group’s physical pre...
Eni Granted Two Exploration Blocks Onshore Egypt
Eni Granted Two Exploration Blocks Onshore Egypt EG >> 2/15/2019 - Eni has been granted by Egyptian Authorities two exploration blocks onshore Egypt. The first block, “South East Siwa” (Eni 100%), has been assigned within the EGPC 2018 competitive bid round. The bloc...
Lekela & Egyptian Government Sign Agreement for Wind Farm
Lekela & Egyptian Government Sign Agreement for Wind Farm EG >> 2/13/2019 - Lekela, the renewable power company that delivers utility-scale projects across Africa, announces that it has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company...
Egypt Awards 12 New Concessions for 2018 Bid Rounds
Egypt Awards 12 New Concessions for 2018 Bid Rounds EG >> 2/13/2019 - Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla announced the winners in the largest ever oil and gas exploration and production bid round, on the sidelines of the Egypt Petroleum ...
Petroceltic Commences Arbitration Proceedings against EGPC
Petroceltic Commences Arbitration Proceedings against EGPC EG >> 2/12/2019 - Petroceltic, the UK incorporated international energy company, announces its intention to commence arbitration proceedings in the World Bank managed International Centre for Settlement of Investment D...
Saudi Aramco & Egypt’s SUMED Sign Oil Deals
Saudi Aramco & Egypt’s SUMED Sign Oil Deals EG >> 2/12/2019 - Petroleum Minister Tareq el Molla witnessed the inking of an agreement between Egypt's Arab Petroleum Pipelines Co. (SUMED) and Saudi Aramco’s trading arm, Aramco Trading Company (ATC) to provide 222,...
DEA Awarded New Licence in the Onshore Nile Delta
DEA Awarded New Licence in the Onshore Nile Delta EG >> 2/12/2019 - The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 square...
BP Starts Gas Production in West Nile Delta Development
BP Starts Gas Production in West Nile Delta Development EG >> 2/11/2019 - BP announced first gas production from the second stage of its West Nile Delta development offshore Egypt. ...
SDX Energy Provides Operations Update in Egypt
SDX Energy Provides Operations Update in Egypt EG >> 1/28/2019 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, provides its 2019 operational outlook and advises of its intention to delist from the TSXV in conjunction with a move of its corpo...

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