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Egypt Oil & Gas News

Italy's Eni to Start Production in Egypt by End of 2017
Italy's Eni to Start Production in Egypt by End of 2017 EG >> 2/14/2017 - Italian oil and gas company Eni said on Tuesday that Zohr oil field, which the company discovered in 2015, will enter production before end of year, Eni's chief executive said at an oil conference in ...
Egypt Nearing Deal with Iraq in Search for Crude Oil Imports
Egypt Nearing Deal with Iraq in Search for Crude Oil Imports EG >> 2/14/2017 - Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help secure supply, Egyptian General Petroleum Corporation's chief Tarek al-Hadidi said. ...
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt EG >> 2/13/2017 - Eniís CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore ...
AMOC to Offer 10-20% of Shares in Secondary Listing
AMOC to Offer 10-20% of Shares in Secondary Listing EG >> 2/9/2017 - Alexandria Mineral Oils Co (AMOC) plans to offer 10-20 percent of its shares in a secondary stock market listing as well as 10 percent as Global Depositary Receipts listed in London, its chairman said...
Dana Gas Freezes Egypt Investments over Debts
Dana Gas Freezes Egypt Investments over Debts EG >> 2/9/2017 - Dana Gas will not make new investments in Egypt because of delays in obtaining payments owed to it there, the chief executive of the United Arab Emirates company said. ...
Sandvik Increases Its Presence in Offshore Egypt
Sandvik Increases Its Presence in Offshore Egypt EG >> 2/8/2017 - Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, has extensively increased its presence in offshore Egypt in 2016, booking...
DOF Awarded New Contracts in Egypt
DOF Awarded New Contracts in Egypt EG >> 2/6/2017 - DOF has been awarded two contracts with a large international contractor in Egypt for the vessels Skandi Saigon and Skandi Sotra. Both contracts have a duration of 75 days firm + 30 days options with ...
Siemens Overdelivers on Promise in Egypt Megaproject
Siemens Overdelivers on Promise in Egypt Megaproject EG >> 1/31/2017 - In June 2015, Siemens was awarded its single biggest order ever for the expansion of the Egyptian power supply. Now, only 18 months after the signing of the contract, Siemens has set a new worldwide b...
EGPC Signs 2 New Upstream Agreements
EGPC Signs 2 New Upstream Agreements EG >> 1/17/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed 2 new petroleum agreements for the Egyptian General Petroleum Corporation (EGPC) and Sahara Oil Company for oil and gas explorat...
Talks with Dana Gasís Technical Director & General Managers
Talks with Dana Gasís Technical Director & General Managers EG >> 1/15/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Iman Hill, Technical Director & GM Dana Gas UAE accompanied by Michael Horst Pyszka General Manager Dana Gas Egypt in the pres...
Iraq to Provide Egypt with First Petroleum Shipment in Days
Iraq to Provide Egypt with First Petroleum Shipment in Days EG >> 1/11/2017 - Iraq's Ambassador to Cairo Habib El-Sadr has said his country to provide Egypt with the first petroleum shipment from Al-Basra Oil Terminal within days, according to a recent agreement signed between ...
Egyptian and Cypriot Talks to Consolidate Oil & Gas Cooperation
Egyptian and Cypriot Talks to Consolidate Oil & Gas Cooperation EG >> 1/6/2017 - Eng. Tarek El Molla Minister of Petroleum and Mineral Resources received Dr. Stelios Nicolaides, Director, Hydrocarbons Service, Ministry of Energy, Commerce, Industry and Tourism. In the presence of ...
Significant Assets Movements in Zohr Field
Significant Assets Movements in Zohr Field EG >> 12/28/2016 - Zohr Field has a big movement between its partners: ...
France to Provide 175m Euros to Fund Egypt's Energy Sector
France to Provide 175m Euros to Fund Egypt's Energy Sector EG >> 12/27/2016 - France plans to provide 175 million euros to finance Egypt's energy sector, French Minister of Development and Francophone Jean-Marie Le Guen said during a meeting in Cairo with International Cooperat...
Eni Signs Concession Agreements for Two New Exploration Blocks
Eni Signs Concession Agreements for Two New Exploration Blocks EG >> 12/27/2016 - Eni signed two new concession agreements for the North El Hammad and North Ras El Esh, located in the shallow waters in Egyptian Mediterranean Sea, as a result of the EGAS 2015 international bid round...
Egypt Seeks to Import Crude Directly from Iraq
Egypt Seeks to Import Crude Directly from Iraq EG >> 12/22/2016 - Egypt's Petroleum Minister Tarek El Molla said his country was seeking to reach an agreement with Iraq over importing crude oil directly and that he hoped to finalise the deal by the first quarter of ...
Egypt Signs Second $1b Loan Tranche Agreement with World Bank
Egypt Signs Second $1b Loan Tranche Agreement with World Bank EG >> 12/22/2016 - Egypt's Minister of International Cooperation Sahar Nasr signed a second $1 billion tranche loan agreement with the director of the World Bank in Cairo. ...
Doosan to Supply Turbines & Generators to Egyptís State Power Companies
Doosan to Supply Turbines & Generators to Egyptís State Power Companies EG >> 12/20/2016 - Doosan Heavy Industries & Construction has reentered the Egyptian power market for the first time in six years, as well as winning successive orders in Africa since winning a project to improve the pe...
Apex International Energy Expands Global Team
Apex International Energy Expands Global Team EG >> 12/19/2016 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt, is pleased to announce that it has expanded its leadership team with the additions of David A...
Egyptian Ė French Talks in the Oil & Gas Domain
Egyptian Ė French Talks in the Oil & Gas Domain EG >> 12/14/2016 - Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, received Maria Moraeus, ENGIE E&P Chief Executive Officer, where the two sides discussed bolstering relations and the available invest...
Egypt Cancels Tender to Rent Third LNG Regasification Terminal
Egypt Cancels Tender to Rent Third LNG Regasification Terminal EG >> 12/13/2016 - Egypt has cancelled its tender to rent a third natural gas import (LNG) regasification terminal as it is no longer needed, Oil Minister Tarek El Molla told Reuters. ...
Minister of Petroleum to meet with Rosneft Chief Executive Igor Sechin
Minister of Petroleum to meet with Rosneft Chief Executive Igor Sechin EG >> 12/12/2016 - Rosneft Chief Executive Igor Sechin arrived yesterday in Cairo to meet tith Minister of Petroleum and Mineral Resources Tarek El Molla, to discuss existing and potential opportunities in Egyptís oil a...
Eni Sells 30% Stake in Egypt's Zohr Gas Field to Rosneft
Eni Sells 30% Stake in Egypt's Zohr Gas Field to Rosneft EG >> 12/12/2016 - Eni has agreed to sell to Rosneft a 30% participating interest in the Shourouk Concession, offshore Egypt, where the supergiant gas field Zohr is located. Eni, through its subsidiary IEOC, currently h...
Shell Appoints Gasser Hanter to Head Egypt Business
Shell Appoints Gasser Hanter to Head Egypt Business EG >> 12/8/2016 - Royal Dutch Shell has appointed Gasser Hanter to head its Egypt business. Hanter, who is Egyptian, was named as upstream vice-president and managing director in Egypt. He replaces Aidan Murphy, who ha...
The Minister of Petroleum & Kuwaiti Ambassador Talks in Oil and Gas Field
The Minister of Petroleum & Kuwaiti Ambassador Talks in Oil and Gas Field EG >> 12/7/2016 - Eng. Tarek El Molla, the Minister of Petroleum and Mineral Resources, received the Kuwaiti Ambassador to Egypt, Mohammed Saleh Al Thuwaikh where they reviewed joint cooperation domains between the two...
EGPC to Receive $200m Afreximbank Support
EGPC to Receive $200m Afreximbank Support EG >> 12/6/2016 - The African Export-Import Bank (Afreximbank) in Cairo signed a $200-million loan facility agreement with the Egyptian General Petroleum Company (EGPC) to support the expansion of electricity generatio...
Egypt, China Sign $2.6B Currency Swap Boosting Pound Flotation
Egypt, China Sign $2.6B Currency Swap Boosting Pound Flotation EG >> 12/6/2016 - Egypt and China signed a currency-swap deal for about $2.6 billion, allowing the North African nation to shore up foreign reserves after floating its currency last month. ...
Rosneft Board to Discuss Buying Stake in Shorouk Concession
Rosneft Board to Discuss Buying Stake in Shorouk Concession EG >> 12/5/2016 - The board of Russia's Rosneft plans to discuss buying a stake of up to 35 percent in the Shorouk concession, offshore Egypt, the company said. ...
Egypt Accepts Six Bids for Oil and Gas Exploration
Egypt Accepts Six Bids for Oil and Gas Exploration EG >> 12/2/2016 - Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said. ...
Apex International Energy Awarded First Blocks in Egypt
Apex International Energy Awarded First Blocks in Egypt EG >> 12/2/2016 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt, is pleased to announce that it has been awarded Blocks 8 and 9 by the Egyptian General Petrol...

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