Oil & Gas News
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Egypt, Greece discuss green economy, sustainable development
Egypt and Greece organized the Mediterranean Forum for Green Economy and Sustainable Development “Circle the Med”, from 18 to 22 October.
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Egypt constructs gas pipeline in Western Desert
Egypt has started the construction of a gas pipeline in the Western Desert with an expected capacity of 15 million cubic feet of gas per day.
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Dana Gas’s KRI, Egypt collections double
Its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED938 million).
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Egypt’s cooperation in oil sector records $1.12bn
Egypt’s Ministry of International Cooperation's development cooperation portfolio includes six projects in the petroleum sector.
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Egypt increases gasoline prices by 25 piasters per litre
The prices of industrial-use mazut and the diesel fuel were kept unchanged.
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Egypt announces settling of claims over restarted Damietta LNG plant
Last month, Egypt's petroleum minister had announced the restarting of the plant.
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Egypt’s Petroleum Minister, BP discuss joint business, international oil prices
BP’s Dev Sanyal affirmed company’s confidence in Egypt's investment-attracting climate.
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Egypt, Iraq discuss reconstruction program for oil exchange
Egypt is discussing contributing to Iraq’s reconstruction program in exchange for oil and contracting companies into the Iraqi market.
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Eni and BP announce new gas discovery in Egypt
The discovery is in the Abu Madi West Development Lease at the Greater Nooros region, with initial reserves of over four trillion cubic feet of gas.
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Egypt brings online new crude pipeline at al-Hamra port
The Hamra petroleum port lies around 120 kilometers west of Alexandria, Egypt’s second-largest city, and is run by the Western Desert Operating Petrol
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UAE's Dana Gas pledges proceeds of Egypt sale to repay sukuk
The sale of Dana’s exploration and production assets in Egypt could be complicated by the recent plunge in oil prices.
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Egypt did not import any liquefied natural gas in 2019
Egypt stopped importing LNG in September 2018 after major discoveries of gas fields in Egyptian territory in recent years.
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More and more oil and gas deals for Egypt
Around 70 agreements for oil and gas exploration were signed in the last 4 years as Egypt aims to become a regional energy hub.
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Egypt signs two deals with ExxonMobil
The deals involve a minimum investment of $332 million.
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Egypt holds domestic fuel prices steady
The price of 95-octane fuel was kept at 8.75LE($0.5472) a litre, 92-octane fuel at 7.75LE/litre and 80-octane fuel at 6.50LE/litre.
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Egypt signs $430m gas deal with Texas’ Noble Energy
The agreement requires the partner to pump natural gas through the East Mediterranean Gas Company's pipeline.
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Egypt's non-petroleum exports increase by 3%
Egypt's non-petroleum exports recorded a three percent increase during the first nine months of 2019, reaching $19.201 billion, up from $18.708 bn.
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Egypt’s petroleum minister advocates business over politics in gas-rich East Mediterranean
“I think that energy and, specifically now, gas is very important,” Tarek el Molla told CNBC’s Hadley Gamble at the World Energy Congress in Abu Dhabi
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Egypt still subsidises 15% of fuel in local market
These subsidies are despite the recent fuel price hikes applied on Friday.
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Dana Gas receives $48m from Egypt in June
These collections comprise $38million in payments from the government and $10 million from the sale of the second El Wastani condensate shipment.