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"We are paying off $1 billion to foreign partners during the next few days," Oil Minister Sherif Ismail told a news conference in Cairo.
01.10.2014 Reuters
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Egypt has struggled with soaring energy bills caused by high subsidies it provides on fuel for its population of 85 million.
01.10.2014 Reuters
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United Arab Emirates energy firm Dana Gas said on Monday that it had been awarded concessions for two onshore gas blocks in Egypt.
30.09.2014 Reuters
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The licenses are located in the country’s Western desert, near the Melehia Development Lease and will cover about 794 square miles.
30.09.2014 Forbes
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Egypt’s export decline can be traced to a damaging combination of increasing domestic consumption during the hot summer months.
27.09.2014 Forbes
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Italian oil major Eni said on Thursday it had been awarded three new exploration licenses in Egypt as it grows its footprint in Africa.
26.09.2014 Reuters
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Aminex has an effective carried interest of 10% in these wells through its 12.5% shareholding in an associated company, Aminex Petroleum Egypt Ltd.
24.09.2014 Stock Market Wire
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Egypt has signed energy deals with Western majors as well as Tunisia.
24.09.2014 World Tribune
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EGPC is also seeking five cargoes of 40,000-45,000 tonnes each, of a similar grade of fuel oil for delivery to Suez port and three optional cargoes.
23.09.2014 Reuters
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Gas exports drop sharply year-on-year in July, with the domestic electricity sector upping its consumption of total natural gas production.
22.09.2014 Ahram Online
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