Oil & Gas News
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Egypt cuts accumulated oil debt to $4.9bn
The loan was secured from National Bank of Egypt (NBE), Commercial International Bank (CIB), the Arab African Bank and Qatar National Bank (QNB).
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Egypt pays another $1.5 billion to oil producers
The payment was funded through an EGP 10 billion loan from local banks, arranged by the National Bank of Egypt, the statement said.
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Can Egypt's crisis help clean energy gain traction?
For several years now, Egypt has struggled with power outages that have bogged down its ailing economy and disrupted daily life.
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Egypt pays $1.5 bln to foreign energy companies - oil ministry
Egypt has paid $1.5 billion of its debt to foreign energy companies, the oil ministry said in a statement on Thursday.
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Dana Gas in deal to recover $280m owed by Egypt
A new Gas Production Enhancement Agreement (GPEA) will permit Dana Gas to drill 37 new wells and redevelop existing ones.
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Egypt aims to pay $2 bln to $3 bln of debt to oil firms by end of 2014 -minister
"We are paying off $1 billion to foreign partners during the next few days," Oil Minister Sherif Ismail told a news conference in Cairo.
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Egypt's top refinery hopes expansion will revive exports
Egypt has struggled with soaring energy bills caused by high subsidies it provides on fuel for its population of 85 million.
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UAE's Dana Gas says wins gas concessions in Egypt
United Arab Emirates energy firm Dana Gas said on Monday that it had been awarded concessions for two onshore gas blocks in Egypt.
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Eni looks past uncertainty in Egypt
The licenses are located in the country’s Western desert, near the Melehia Development Lease and will cover about 794 square miles.
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Egypt's Natural Gas looks for stability
Egypt’s export decline can be traced to a damaging combination of increasing domestic consumption during the hot summer months.
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Eni awarded 3 new exploration licenses in Egypt
Italian oil major Eni said on Thursday it had been awarded three new exploration licenses in Egypt as it grows its footprint in Africa.
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Aminex reports drilling progress in Egypt
Aminex has an effective carried interest of 10% in these wells through its 12.5% shareholding in an associated company, Aminex Petroleum Egypt Ltd.
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Western energy majors return to Egypt
Egypt has signed energy deals with Western majors as well as Tunisia.
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Egypt tenders to buy fuel oil for Oct-Dec
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.
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GE Oil & Gas and Petrojet manufacture 1000th pumping unit for oil and gas
The 1000th pumping unit celebration was formally inaugurated by senior government officials and representatives of GE Oil & Gas and Petrojet.
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Egypt's natural gas exports drop 73.4 pct in July: Report
Gas exports drop sharply year-on-year in July, with the domestic electricity sector upping its consumption of total natural gas production.
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Egypt awards oil and gas exploration blocks
The concessions are for areas in the Suez Canal, Egypt's western desert, the Mediterranean sea and the Nile Delta, the state-owned firms said.
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Egypt's EGPC says to buy 65% oil imports from UAE's ADNOC
The agreement covers gasoline, diesel, heavy fuel and liquefied petroleum gas (LPG) that is used in homes, Egypt's cabinet said in a statement.
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Egypt expects $425 million from Islamic Development Bank, for refinery, airport
$198 million are earmarked for a refinery in Assiut, and $226.8 million will go towards the first phase of the Sharm el-Sheikh airport project.
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Port Said first governorate to fully apply Smart-Card system
Port Said was chosen as a pilot governorate for the implementation of the Fuel Smart-Card system in Egypt.