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Egypt Oil & Gas News

Egypt's Parliament Passes Law Regulating Gas Market
Egypt's Parliament Passes Law Regulating Gas Market EG >> 7/5/2017 - Egypt's parliament passed a law establishing a gas regulatory authority that the government hopes will attract greater private sector participation in the country's rapidly expanding gas sector. ...
Egypt Hires Banks for Oil Company IPO, Starting Asset Sale Drive
Egypt Hires Banks for Oil Company IPO, Starting Asset Sale Drive EG >> 7/5/2017 - Egypt has hired three investment banks to manage the sale of part of its stake in local oil company Enppi, marking a key step in the government’s plan to privatize state-owned businesses. ...
Talks between Minister of Petroleum and Vegas CEO
Talks between Minister of Petroleum and Vegas CEO EG >> 7/3/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received David Evans, CEO of the Greek Company Vegas Oil & Gas and the company’s Vice President Lucas Triplepolis in the presence of En...
Egypt Received $7b in Foreign Funds to Support 79 Development Projects
Egypt Received $7b in Foreign Funds to Support 79 Development Projects EG >> 6/30/2017 - Egypt recieved development funds worth $7 billion to support 79 projects in 11 sectors in 2016, the investment and international cooperation ministry said. ...
Egypt's PM Says New Cut in Energy Subsidies Could not be Delayed
Egypt's PM Says New Cut in Energy Subsidies Could not be Delayed EG >> 6/29/2017 - After the Egyptian cabinet cut energy subsidies on Thursday, Prime Minister Sherif Ismail said that economic reform decisions on the part of the state could no longer be delayed. ...
Discussions with Shell’s Executive Vice President
Discussions with Shell’s Executive Vice President EG >> 6/22/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Eng. Sami Iskander, Executive Vice President of the International group, Shell and Eng. Gasser Hanter, VP, Country Chair and M...
Egypt Signs $575m Agreement with GE for 100 multi-use Locomotives
Egypt Signs $575m Agreement with GE for 100 multi-use Locomotives EG >> 6/17/2017 - Egypt signed a $575 million agreement with General Electric Co for GE to provide 100 new multi-use locomotives, 15 years of technical support and spare parts, and maintenance and upgrades of 81 trains...
Agreement to Acquire Further 25% of East Ghazalat
Agreement to Acquire Further 25% of East Ghazalat EG >> 6/15/2017 - Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that on 14 June 2017 it reached agreement with Echo Energy plc ("Echo") to a...
Petroleum Minister Paid $2.2 Billion to Foreign Partners
Petroleum Minister Paid $2.2 Billion to Foreign Partners EG >> 6/8/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that the Petroleum sector paid $2.2 Billion of arrears to IOCs working in Egypt by instalments during the past three weeks, r...
EBRD Approves $500m for Private Renewable Projects in Egypt
EBRD Approves $500m for Private Renewable Projects in Egypt EG >> 6/8/2017 - The European Bank for Reconstruction and Development (EBRD) has taken a major step forward in the rollout of renewable energy with the approval of a US$ 500 million framework to finance renewable ener...
Egypt Paid $1.5b in Arrears to IOCs in May, June
Egypt Paid $1.5b in Arrears to IOCs in May, June EG >> 6/6/2017 - Egypt has paid $1.5 billion in arrears to international oil companies in May and June, the Central Bank of Egypt’s (CBE) Assistant Deputy Governor Rami Aboul Naga told state-owned news agency MENA on ...
Aquatic’s Dual Tensioner Selected for Atoll Umbilical Setup offshore Egypt
Aquatic’s Dual Tensioner Selected for Atoll Umbilical Setup offshore Egypt EG >> 6/5/2017 - Aquatic has been selected to provide tensioning capabilities to DeepOcean BV on behalf of Subsea 7 for the Pharaonic /PHPC Atoll Main umbilical installation project in Egypt. Aquatic will provide its ...
Egypt Aims to Cut Fuel Imports to 10% of Consumption by 2019
Egypt Aims to Cut Fuel Imports to 10% of Consumption by 2019 EG >> 6/4/2017 - Egypt is looking to ramp up petroleum production over the next two years, aiming to reduce fuel imports to about 10 percent of total consumption from 30 percent currently, media quoted Oil Minister Ta...
Egyptian-Norwegian Cooperation Talks in the Aspects of Oil and Gas Industry
Egyptian-Norwegian Cooperation Talks in the Aspects of Oil and Gas Industry EG >> 5/31/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Sten Arne Rosnes, Norwegian Ambassador to Egypt to discuss fields of cooperation in the Oil and Gas industry, in light of ...
Egyptian-Belgian Investment Discussions in the Petroleum and Energy Domains
Egyptian-Belgian Investment Discussions in the Petroleum and Energy Domains EG >> 5/31/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Mrs. Sibille de Cartier, Belgian Ambassador to Egypt and the accompanying delegation. During the meeting, they reviewed method...
Discussions with Vice President of Total for North Africa Region
Discussions with Vice President of Total for North Africa Region EG >> 5/30/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources recieved Mr. Elias Kassis, Total’s Vice President for exploration in the Middle East and North Africa regions accompanied by Total Egyp...
Result of Flow Test at SD-1X Discovery
Result of Flow Test at SD-1X Discovery EG >> 5/30/2017 - SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce the results of the well test conducted on the SD-1X well following the recent natural gas discovery at South Disou...
Discussions with DOW Chemicals in the Petrochemicals Domain
Discussions with DOW Chemicals in the Petrochemicals Domain EG >> 5/24/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Mr. Jim Mcllvenny, President DOW India, Middle East, Africa and Turkey, in presence of CEO of ECHEM. The Minister cleared out ...
Vallianz Scores New Contracts Worth up to $115m for 4 Vessels
Vallianz Scores New Contracts Worth up to $115m for 4 Vessels EG >> 5/23/2017 - Vallianz Holdings Limited, and together with its subsidiaries, has secured long-term charter contracts valued at up to US$115 million in total for four vessels. These contracts were awarded by a nati...
Rosneft Eyes Joint Oil Supplies to Egypt with Italy's Eni
Rosneft Eyes Joint Oil Supplies to Egypt with Italy's Eni EG >> 5/17/2017 - Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesd...
Egypt's Nooros Gas Field Output Tops One bcf/d
Egypt's Nooros Gas Field Output Tops One bcf/d EG >> 5/16/2017 - Production from Egypt's Nooros field has exceeded one billion cubic feet (bcf) of gas per day. Italian oil major Eni, which began production at the Nile Delta offshore field in September 2015, had sai...
Egypt Will Make $750m Debt Payment to Oil Companies on June 1
Egypt Will Make $750m Debt Payment to Oil Companies on June 1 EG >> 5/16/2017 - Egypt will make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor Tarek Amer said on Tuesday. Egypt has outstanding dues of about $3.5 billion to internati...
Discussions with CEO of German DEA about Plans of Gas Production
Discussions with CEO of German DEA about Plans of Gas Production EG >> 5/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Thomas Rappuhn, Chief Executive Officer of the German DEA company and the accompanying delegation, including Mr. Dirk Warz...
Egypt Starts Weaning Itself off Foreign Gas as Output Surges
Egypt Starts Weaning Itself off Foreign Gas as Output Surges EG >> 5/11/2017 - Egypt is holding talks with its liquefied natural gas (LNG) suppliers to defer contracted shipments this year and aims to cut back on purchases in 2018, as surging domestic gas production squeezes out...
EBRD Finances Environmental Upgrade Of Egypt’s Carbon Holdings Company
EBRD Finances Environmental Upgrade Of Egypt’s Carbon Holdings Company EG >> 5/11/2017 - As part of its drive to help the Egyptian economy move to more environmentally friendly ways of production, the EBRD is providing local petrochemicals producer Carbon Holdings with a US$ 11 million lo...
Inauguration of the First Phase of West Delta Gas Production Project
Inauguration of the First Phase of West Delta Gas Production Project EG >> 5/10/2017 - President Abdel Fatah El Sisi inaugurated the first phase of gas production from West Delta gas fields. ...
First Gas from West Nile Delta Field
First Gas from West Nile Delta Field EG >> 5/10/2017 - BP has started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt. The project was delivered eight months ahead of start-up schedule and under budg...
Apex International Energy Welcomes Two New Leaders
Apex International Energy Welcomes Two New Leaders EG >> 5/8/2017 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt, today announced that it has expanded its global team with the appointments of Willis “Trey” G...
Completion of Drilling Campaign at Successful SD-1X Well
Completion of Drilling Campaign at Successful SD-1X Well EG >> 5/5/2017 - SDX Energy Inc., the North Africa focused oil and gas company, announces that drilling on the SD-1X well at its South Disouq concession in the Nile Delta area of Egypt has now reached its second targe...
Discussions with Jordanian Ambassador to Cairo in Oil & Gas Domains
Discussions with Jordanian Ambassador to Cairo in Oil & Gas Domains EG >> 5/2/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Ali Ayed, Jordanian Ambassador to Cairo to discuss cooperation between the two countries and review joint petroleum projec...

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