Oil & Gas News
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Misr Phosphate Net Sales Reach EGP 7.9B in 2024
Abdel Azim noted that the company is carrying out numerous production and marketing operations to achieve its main targets.
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Egypt and Qatar strengthen energy ties amid growing gas deficit
The Egyptian government seeks to secure long-term supplies through Qatari imports and new partnerships to explore strategic fields.
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Russia and Egypt discuss construction of LNG terminals for Cairo
Russian Industry and Trade Minister Anton Alikhanov was cited by state news agencies as saying on Wednesday.
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PM follows up on initiative to convert cars to run on natural gas
This move is part of the state’s efforts to promote the use of clean and renewable energy sources and to meet critical environmental standards.
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Egypt to Boost LNG Import Capacity with New 10-Year Höegh Agreement
The new FSRU will replace the currently operating Höegh Galleon, Egypt’s only active LNG import terminal.
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Egypt in discussions with Qatar to secure long-term natural gas contracts
Egypt is discussing with Qatar the possibility of securing natural gas supplies from the Gulf nation through long-term contracts to meet its needs.
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Egypt offers payouts after faulty fuel confirmed at petrol stations
The Ministry of Petroleum offers up to EGP 2,000 compensation as quality tests uncover five non-compliant gasoline samples across multiple governorate
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Germany, Egypt seal FSRU charter deal
Germany's Ministry for Economic Affairs and Energy has signed a deal with Egypt's state-owned EGAS to charter the 174,000-cbm FSRU Energos Power.
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Parliament members slams Egyptian government over complaints of adulterated octane
The Ministry of Petroleum confirmed that the gasoline undergoes rigorous periodic inspections and meets standard specifications.
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Egypt’s Petroleum Ministry responds to allegations of tampered octane
The ministry confirmed in a statement that all petroleum products, including octane, are subject to strict oversight and periodic inspections.
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EGAS Signs MoU with ExxonMobil
The MoU will encourage ExxonMobil to develop an integrated development plan if exploratory drilling activates lead to positive results.
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Egypt seeks deeper cooperation with Saudi Arabia in oil sector
Egypt-Saudi Arabia electrical interconnection project is a model for broader Arab electrical integration.
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Egypt launches ambitious 75 drilling program to boost oil output in Ras Gharib
The year-long initiative aims to drill 75 new wells, with the goal of adding around 7,500 barrels of crude oil per day.
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Zohr Gas Field Set for Major Boost as Phase Three Targets 1 Trillion Cubic Feet
Authorities maintain close oversight of Zohr’s development to ensure timely execution.
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Chevron, Others Exit Egypt’s Red Sea Concessions After Making No Finds
Egypt awarded oil and gas exploration concessions in the Red Sea for the first time to Chevron.
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Egypt allocates EGP 150 bln for petroleum subsidies in FY25/26
The Egyptian government has allocated EGP 150 billion for petroleum subsidies in its upcoming fiscal year's budget.
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Eni to invest 24 billion euros in Egypt, Libya and Algeria
The company owns several concession areas across the Gulf of Suez, the Nile Delta and the Western Desert, and is the main operator at the Zohr.
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Enppi expands regional reach with 10 major projects outside Egypt in 2024
The company’s net profit after tax amounted to EGP 2.7 billion, while external projects represented 88% of the project revenues during 2024.
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Egypt on the way to another inevitable fuel price hike
Amid the mounting economic pressure resulting from the implications of global and regional geopolitical tensions and under a commitment to reforms.
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Naftogaz, ORLEN Sign Contract to Supply Additional 100 mmcm of LNG
The fuel will come from a shipment of U.S. LNG. After regasification, the gas will be transported to the Polish-Ukrainian border.