Oil & Gas News
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Egypt, Israel near major gas deal
After years of buying under-valued Egyptian gas, Israel would sell gas to its neighbour in a deal expected to be finalised in months.
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Government reduces gas to plants to solve power crisis
EGAS is currently pumping 350m cubic feet of gas per day to fertiliser and cement factories.
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Government bodies owe Petroleum Authority EGP 163bn
The Ministry of Finance has accrued EGP 95bn in debt owed to the Petroleum Authority, which includes some EGP 32bn for subsidy differentials.
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Egypt imposes property tax on oil and gas fields
Property tax is set at 10 per cent of a unit's rental value and three per cent of a unit's capital value.
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Sisi's government clings to debt to pull Egypt's Oil & Gas from the brink
EGPC had accumulated $6.3 billion in outstanding arrears, of which $1.5 billion was paid back in December 2013.
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Eni starts production at DEKA project in Egypt
Italian company starts natural gas production in Egypt's Deka gas project.
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Israel nears gas sales to Egypt as Mideast unrest flares
Noble Energy Inc. and units of Israel’s Delek Group Ltd. plan to deliver as much as 6.25 trillion cubic feet of gas from the Tamar and Leviathan .
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Talks with Egypt on potential natural gas sale after ENI-KOGAS drilling results
The construction of a natural gas liquefaction terminal remains a priority for Nicosia.
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Shell Lubricants to reach competitive market share in Egypt by year’s end
MD Saher Hashem talks about the company’s plans to make itself a market leader in the lubricants sector.
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Egypt looks to secure LNG production and supply
Egypt has lined up LNG shipments from Algeria’s Sonatrach, Russia’s Gazprom, and France’s EDF.
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FuooTech Brand Series LOP Vacuum Lubricating Oil Purifier
Series LOP vacuum lubricating oil purifier is used to purify and recover various industrial lubricating oils such as hydraulic oil, refrigeration oil
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Madison PetroGas Ltd. updates operations in Egypt
One high risk exploration well and three Meseda development wells have been drilled to date.
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Dana Gas to recover overdue Egypt payments by 2018
The new arrangement in Egypt will result in increased production from Dana’s operations there.
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Egypt to pay energy companies via bond sale, Dimian says
Dimian said the government will pay for part of the arrears with savings from a recent reduction in fuel subsidies.
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Explosion in gas pipeline in Egypt; no casualties
The explosion is 25th in the last three years in a series of blasts that have hit pipelines in Sinai.
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Mashreq to build first refueling station on Suez Canal Axis
With an investment of $500 million, the station is expected to be finished within three years.
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Dana Gas says to recover overdue Egypt payments by 2018
The company is putting in place a new arrangement with the government that will permit it to invest in new Egyptian wells.
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Egypt ceases supplying gas to Jordan indefinitely: EGAS
The official noted that the contracted amounts of gas exports to Jordan are 255m cubic metres of gas daily.
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Egypt seeking a $1.5 bln loan to repay oil debts -Oil Minister
Egypt wants "a loan from local and international banks for at least $1.5 billion of debt to foreign companies operating in Egypt."
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TAQA Arabia expands energy supply to Egypt's underserved market
“TAQA Oil Marketing looks forward to rolling out our new expansion plan in Egypt’s underserved markets,” said TAQA Arabia CEO, Pakinam Kafafi.