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EFG Hermes Expects Lower Oil Prices for Egypt
10/29/2014 - EFG-Hermes expected lower oil prices as clearly positive news for oil-importing MENA. Egypt, Morocco, Jordan and Lebanon are likely to enjoy the biggest gains, Egypt's largest investment bank said in ...Full Story

Egypt Output Slowdown and Low Oil Price Hit BG Profits
10/28/2014 - BG Group reported a worse-than-expected 26 percent fall in third-quarter operating profit as its output in Egypt halved and a steep drop in oil prices took its toll on Britain's third-biggest energy c...Full Story

Kuwait Energy Announces Discovery at Abu Sennan
10/22/2014 - Kuwait Energy an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announces that the operated exploration ...Full Story

Egypt Signs 36 Oil Exploration Deals Worth $2b
10/21/2014 - Egyptian Petroleum Minister Sherif Ismaeil announced that the new oil agreements bring the total of new deals since November 2013 to 36, with an estimated investment value exceeding US$2 billion. ...Full Story

Egypt Set Three Conditions for Israeli Gas Import
10/20/2014 - Egypt set three conditions to allow the import of Israeli gas: officials must receive permission from state and the gas must fulfill added value to Egyptian economy as well as to Egyptian companies, s...Full Story

Oil Rises above $87 as Investors Say Market Oversold
10/17/2014 - Brent crude rose more than a dollar to above $87 a barrel on Friday, bouncing from near four-year lows as investors bought back into a market they said was oversold in the short term.

Oil h...Full Story

Apache Corp to Raise Gas Supplied Prices to Egypt
10/15/2014 - The US oil and gas producer Apache Corp. operating in Egypt aims to reach an agreement with the Egyptian government about raising the prices of gas supplied by the end of the year, the company said. ...Full Story

Gazprom & Sonatrach Make Oil, Gas Find in Algeria
10/8/2014 - Algerian state energy firm Sonatrach has made a new oil and gas find with Russia's Gazprom following a successful drilling in the desert Berkin basin, bringing to three the number of joint discoveries...Full Story

Egyptian Government Pays $350 million to BG Group
10/6/2014 - Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group plc, a world leader in exploration and LNG, has received a $350 million payment. This ...Full Story

EGAS Pumps $4b to Increase Gas Production in 2014/2015
10/6/2014 - The state-owned firm Egyptian Natural Gas Holding Company (EGAS) plans to increase its gas production with investment worth US$4 billion during the year 2014/2015, said EGAS Chairman Khaled Abdel Badi...Full Story

Authority Signs LE10b Loan to Repay Foreign Companies
10/2/2014 - Five banks granted the Petroleum Authority the biggest loan in the history of the Egyptian banking system worth LE10 billion to repay its debts to foreign companies and meet consumer needs. ...Full Story

Egyptís Revenues $1b Monthly from Oil Companies
9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partnerís oil and gas revenues of US$1 billion per month and is repaying around $700...Full Story

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