Oil & Gas News
-
Egypt to import $3.55 bn worth of LNG in 2015-16
Rising consumption and falling production has turned the country from an energy exporter to a net importer.
-
Egypt’s MIDOR signs $1.4 bn deal to expand refinery
The investment is part of a wider plan by the petroleum ministry to raise the domestic production of refined oil following an energy crunch that has lasted more than four years.
-
New oil discovery in Western Desert
A well was drilled in the end of January and tests showed that it has layers of hydrocarbons.
-
Egypt to begin LNG imports as floating terminal arrives
Hoegh signed a five-year contract with Egypt in November 2014 to provide the import terminal and the country has since agreed to a number of LNG import deals.
-
Egypt: Fuel subsidy bill down 30%
Egypt spent 44.8 billion Egyptian pounds on fuel subsidies in the first half of the current fiscal year.
-
Egypt's Sidi Kerir to pay dividend of LE1.65 per share
Petrochemicals firm posted annual net profits of LE996.6 million for the year ended in December, down from LE1.3 billion the previous year.
-
Thailand's PTT keen to sell stake in gas pipeline business in Egypt
PTT bought the stake in EMG for $487 million.
-
Mashreq Petroleum storage project on track
Mashreq aims to take in a foreign partner to cover 40 per cent of the expenses of the second phase.
-
MOPCO lists on EGX with EGP 2.3bn
MOPCO is third biggest nitrogen producer globally
-
Egypt, Jordan sign gas sector MoU: Petroleum ministry
Discussions held on expanding Iraqi gas pipelines to reach Egypt through Jordan to benefit from Iraq’s oil and gas supply.
-
Israel's Tamar group to sell gas to Egypt via pipeline
Egypt has been slow in developing its own sizable gas resources and is seeking numerous import options.
-
Egypt seals deal with Gazprom to import 35 cargoes of LNG
Russian firm Gazprom will start deliveries of liquefied natural gas in the second half of 2015.
-
Eni signs agreement worth 5 bln dollars in Egypt
Eni initiatives in the country are distributed in areas of the Gulf of Suez, in the western desert and Mediterranean offshore.
-
Energy deals dominate Egyptian Economic Development Conference on Saturday
Ahram Online follows day two of the EEDC; Suez development project to cover 500 square kilometres and include three major economic zones.
-
European ports set to lose LNG supply to Egypt this summer
Egypt is beginning LNG imports from April with roughly 31 cargoes due this summer at price premiums to Europe.
-
BP makes second deepwater gas find off Egypt
BP announced its new discovered well is estimated to contain more than 5 trillion cubic feet.
-
Egypt: Oil exploration cut-off delayed
Egypt extended the deadline for 2 months so companies can better evaluate the concessions.
-
No petrol price increase in FY 2015/2016: Petroleum minister
Egyptian citizen’s economic situation does not allow change in prices, says Ismail.
-
Italian firm D'Appolonia wins bid for Egypt's 'Golden Triangle' project
Egypt’s cabinet decided to establish an independent entity to manage the project and start a bid for an international consultancy firm.
-
BP unveils USD 12 bn investment in Egypt gas fields
Gas will be produced by two BP-operated offshore blocks North Alexandria and West Mediterranean Deepwater.