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Offshore Platform to Produce 150 mcft/d by 2016
7/23/2014 - The Petroleum Ministry said that the Italian company Edison began a new project in Egypt to produce natural gas from an offshore platform in the Mediterranean in coordination with its joint venture Ab...Full Story

EGPC to Start Negotiations with Foreign Companies EGPC to Start Negotiations with Foreign Companies
7/16/2014 - Egyptian General Petroleum Company (EGPC) is in negotiations with several international banks to receive a US$1.5 billion loan to pay for half of dues of the foreign petroleum companies operating in E...Full Story

Giza Systems Acquires VAS Integrated Solutions LLC
7/15/2014 - Giza Systems, the leading systems integrator in Egypt and the Middle East announces its acquisition of VAS Integrated Solutions LLC (VIS), Bull Group’s Egyptian subsidiary leader in storage integratio...Full Story

Egypt Tries Crude Swaps to Import Crucial Foreign Oil
7/11/2014 - Egypt is offering to swap some of its domestic oil production for Iraqi crude better-suited to its ageing refining system, as Cairo's budget woes restrict its ability to buy on international markets. ...Full Story

No Fix for Egypt's LNG Needs As Search for Terminal Widens
7/10/2014 - Egypt has missed a window to avert gas shortages this year as plans to secure a floating import terminal from a Norwegian firm hit snags, causing officials to hedge their bets by restarting talks with...Full Story

Egypt Gas Puzzle: Is Cyprus the “Blowout Preventer” for East-Med?
7/9/2014 - A blowout preventer is a device used to avoid a potentially catastrophic event known as a blowout and to control extreme pressures emanating from oil and gas reservoirs. Blowout preventers are critica...Full Story

Economic Reform Measures to Benefit Poor
7/8/2014 - A senior member of Egypt's Cabinet said that the recent economic reforms will directly benefit the poor."Delaying the decision could have had a negative economic impact on Egypt and its citizens," sai...Full Story

RWE Completes 3 Appraisal Wells in Egypt
7/7/2014 - RWE Dea has completed three appraisal wells in the Egyptian Sidi Salem South East-1 and Sidi Salem South East-2 Gas Fields from March to May 2014 with the aim of de-risking reserves and reducing uncer...Full Story

Cabinet Reduces Allocations of Butane Gas Subsidy by LE3.7b
7/6/2014 - The Cabinet has decreased allocations of butane gas subsidy by LE3.8 billion reaching LE19.1 billion within the state budget of the new fiscal year 2014-2015, compared to LE22.9 billion within last ye...Full Story

Egypt's Government Raises Fuel Prices
7/5/2014 - The Egyptian General Petroleum Corporation (EGPC) announced the new petroleum prices depicting around 77 percent price hike in the lowest value Octane 80 and around 63 percent for diesel. The price hi...Full Story

Egypt Raises Gas Prices for Industries by up to 75%
7/5/2014 - The Egyptian government on Saturday slashed its natural gas subsidies to several industries, increasing gas prices by 30-75 percent as part of a broad government strategy to cut back subsidies that ea...Full Story

Egypt's Prime Minister Seeks to Justify Fuel Subsidy Cuts
7/5/2014 - Egypt's prime minister has sought to justify politically sensitive subsidy cuts on fuel and natural gas which took effect, saying they were a necessary part of fixing an economy hammered by three year...Full Story

Offers to Exploit Kafr Al-Sheikh Tar Sands to be Reviewed This Month
7/3/2014 - Kafr al-Sheikh Governor Mohamed Ezzat Agwa said on 2/7/2014 that offers of the international bid to exploit the tar sands of the governorate would be reviewed this month. ...Full Story

Egypt To Raise Energy Prices "Within Days"
7/2/2014 - Egypt's Planning Minister Ashraf al-Arabi said on Wednesday the government was about to raise prices on most petroleum products, a move he said would push inflation into double digits. ...Full Story

DSM Expands Operations into Egypt With Maersk Drilling
7/2/2014 - Deep Sea Mooring (DSM) has won the contract to provide a comprehensive range of mooring services to Maersk Drilling for its sixth generation, semi-submersible drilling rig Maersk Discoverer. DSM will ...Full Story

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