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Russia’s Gazprom to Supply Egypt with LNG Shipments
9/17/2014 - Trade and Industry Ministry Mounir Fakhry Abdel Nour announced on Monday that the Russian Gazprom agreed to provide Egypt with seven liquified natural gas shipments. Neither quantity or time were reve...Full Story

EGPC to Buy 65 Pct of its Oil Product Imports
9/17/2014 - Egypt's state oil company, EGPC, will buy 65 percent of its oil product import needs from the United Arab Emirates' ADNOC for one year after the government approved the deal. ...Full Story

Egypt Expects $425 Mln from Islamic Development Bank
9/14/2014 - Egypt said it expected to receive around $425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm el-Sheikh. ...Full Story

24.88 Percent Rise in Non-Oil Exports
9/12/2014 - Minister of Industry and Trade Mounir Fakhry Abdel Nour announced that Egyptian exports of non-petroleum products have increased over last August by 24.88 percent compared to the same month of the pre...Full Story

Egypt and Cyprus Agree on Joint Development of Natural Gas Resources
9/11/2014 - President Abdel Fattah Al-Sisi has issued a presidential decree that ratifies the previously signed framework agreement between Egypt and Cyprus on the joint exploitation of hydrocarbon reserves, on t...Full Story

Egypt Signs $500m World Bank Gas Loan
9/11/2014 - Egypt has signed a $500 million loan with the World Bank to provide natural gas to Egyptian households, the government said in a statement on Thursday. ...Full Story

Acquisition of 100% Interest in the Lagia Oil Field
9/10/2014 - SacOil, the African independent upstream oil and gas company, is pleased to announce that it has entered into a sale and purchase agreement dated 9 September 2014 (the “Agreement”) to acquire a Cyprus...Full Story

15 Agreements on Gas, Oil Exploration to be signed
9/10/2014 - Minister of Petroleum Sherif Ismail said 15 agreements on oil and natural gas exploration will be signed in the upcoming days, adding that another 35 agreements have already been signed, including 27 ...Full Story

Egypt Signed Two Oil Agreements at Least $44 Million
9/10/2014 - Egypt signed two oil exploration agreements worth at least $44 million with U.S. oil company Apache on Wednesday, the state news agency reported. ...Full Story

Egypt Puts Back First LNG Import Terminal
9/9/2014 - Egypt will complete a liquefied natural gas (LNG) import terminal by December, oil minister Sherif Ismail said on Monday, pushing back by another month the long-delayed project that is meant to help t...Full Story

$425m from IDB to Develop Oil Refinery in Assiut
9/4/2014 - The Islamic Development Bank agreed to provide US$424.8 million to finance two projects in Egypt in the oil and aviation sectors. ...Full Story

UAE to Provide Egypt with $8.7 Bln Petroleum Products
9/2/2014 - The United Arab Emirates will provide Egypt with petroleum products worth $8.7 billion over a year starting in September, an Egyptian official told Reuters on Sunday. ...Full Story

Oil and Gas Exploration in the Northwestern Coast
9/1/2014 - Three international companies won the international tender raised by the Egyptian Natural Gas Holding Co. (EGAS) last month. This tender is to conduct a survey to search for oil and gas region in nort...Full Story

UAE Provide Egypt Loan to Purchase Petroleum Products
8/27/2014 - Tareq al-Mulla, executive chief of the Egyptian General Petroleum Corporation (EGPC), said the United Arab Emirates agreed to provide Egypt with a loan to meet the needs of petroleum products. ...Full Story

RWE Dea Starts Gas Production in Disouq Development Project
8/26/2014 - RWE Dea achieved first production from the Central Treatment Plant (CTP) of the Disouq Development Project in Egypt. Production commenced at an initial rate of 45 million standard cubic feet gas per d...Full Story

Eni Starts Production at DEKA Project in Egypt
8/21/2014 - Eni, through its affiliate Ieoc Production BV and in joint venture with BP Egypt, started production from the DEKA project (Denis-Karawan) through the new subsea well Denise South 6 at a gas rate of 1...Full Story

Israel Nears Gas Sales to Egypt
8/21/2014 - In the midst of some of the worst Middle East tensions in a decade, one-time enemies Egypt and Israel are negotiating deals that may mean the sale of $60 billion in Israeli natural gas to liquefaction...Full Story


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