"We are paying off $1 billion to foreign partners during the next few days," Oil Minister Sherif Ismail told a news conference in Cairo.
01.10.2014
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News by
Reuters
Egypt has struggled with soaring energy bills caused by high subsidies it provides on fuel for its population of 85 million.
01.10.2014
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News by
Reuters
United Arab Emirates energy firm Dana Gas said on Monday that it had been awarded concessions for two onshore gas blocks in Egypt.
30.09.2014
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News by
Reuters
The licenses are located in the country’s Western desert, near the Melehia Development Lease and will cover about 794 square miles.
30.09.2014
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News by
Forbes
Egypt’s export decline can be traced to a damaging combination of increasing domestic consumption during the hot summer months.
27.09.2014
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News by
Forbes
Italian oil major Eni said on Thursday it had been awarded three new exploration licenses in Egypt as it grows its footprint in Africa.
26.09.2014
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News by
Reuters
Aminex has an effective carried interest of 10% in these wells through its 12.5% shareholding in an associated company, Aminex Petroleum Egypt Ltd.
24.09.2014
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News by
Stock Market Wire
Egypt has signed energy deals with Western majors as well as Tunisia.
24.09.2014
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News by
World Tribune
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.
23.09.2014
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News by
Reuters
The 1000th pumping unit celebration was formally inaugurated by senior government officials and representatives of GE Oil & Gas and Petrojet.
Papers by
The Petroleum Projects & Technical Consultations Co. (Petrojet)
Gas exports drop sharply year-on-year in July, with the domestic electricity sector upping its consumption of total natural gas production.
22.09.2014
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News by
Ahram Online
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.
20.09.2014
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News by
Reuters
The agreement covers gasoline, diesel, heavy fuel and liquefied petroleum gas (LPG) that is used in homes, Egypt's cabinet said in a statement.
18.09.2014
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News by
Arabian Business
$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.
15.09.2014
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News by
Business Recorder
Port Said was chosen as a pilot governorate for the implementation of the Fuel Smart-Card system in Egypt.
Papers by
Egypt Business Directory
The loan will help fund a Petroleum Ministry plan to connect 850,000 Egyptians, particularly in largely rural Upper Egypt, to a natural gas grid.
12.09.2014
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News by
Reuters
The field is at a development stage with heavy oil (16-18° API) in shallow reservoirs and light oil potential in deeper reservoirs.
11.09.2014
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News by
Stock Market Wire
Move should spark investment in alternative forms of energy in Egypt - hit hard by an energy crisis in recent years.
10.09.2014
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News by
Ahram Online
Egypt's oil ministry and Norway's Hoegh LNG said in May they had agreed for Egypt to use one of Hoegh's Floating Storage and Regasification Units.
10.09.2014
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News by
Ahram Online
The solutions are known, but the will to implement them is absent, say energy experts discussing Egypt's energy crisis.
08.09.2014
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News by
Ahram Online
