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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

Egypt Aims to Pay $2b to $3b of Debt to Oil Firms
9/30/2014 - Egypt aims to pay back $2 billion to $3 billion it owes to oil and gas companies by the end of the year, the oil minister said, as the government tries to spur new investment to boost supplies. ...Full Story

UAE's Dana Gas Wins Gas Exploration Deals in Egypt
9/29/2014 - Dana Gas Egypt, has been awarded the North El Salhiya (Block 1) and El Matariya (Block 3) onshore Concessions in the Nile Delta as part of the 2014 EGAS bidding round held recently in Egypt. ...Full Story

France's Total Wins Egypt Gas Exploration Licence
9/29/2014 - French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the state-run Egyptian Natural Gas Holding company (EGAS) said. ...Full Story

Egypt to Export Petrochemicals by New Ethylene Plant
9/28/2014 - A new state-owned ethylene factory due to start production in Alexandria next year could save Egypt about $500 million on annual imports and allow it to begin exporting petrochemicals to Western Europ...Full Story

Eni Awarded 3 New Exploration Licenses in Egypt
9/25/2014 - Eni was the successful bidder of 3 new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded soon, after the ratificatio...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

Recent Important Achieves in Egypt
9/24/2014 - Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry said. The agreements cover seven exploration areas. Germany...Full Story

Aminex Egypt Exploration Drilling to Start Imminently
9/23/2014 - Aminex has been advised by the operator of the West Esh el Mellaha Production Sharing Contract ('WEEM-2 PSC'), onshore Gulf of Suez, Egypt that the South Malak-2 exploration well will spud imminently....Full Story


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