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Petchems Lift Saudi Arabia, Egypt Up
11/20/2014 - Saudi Arabia's stock index edged up in early trade after oil prices appeared to stabilise, while Egypt's bourse continued to recover from a bout of profit-taking. ...Full Story

Egypt to Host 2015 Oil & Gas Summit next February
11/18/2014 - Egypt will host the 2015 Oil & Gas summit next February, where key operators and well-established international companies will gather to discuss Egyptís upstream, midstream and downstream industry acc...Full Story

Egypt Spent $3 bln on Fuel Subsidies in Q1
11/17/2014 - Egypt spent 22 billion Egyptian pounds($3.08 billion) on fuel subsidies in the first quarter of fiscal year 2014-2015, down 29 percent from the same quarter a year ago, an oil ministry official said. ...Full Story

Egypt to Repay Debts to Foreign Oil Companies within Six Months
11/13/2014 - Egypt plans to repay all of its $4.9 billion debt to foreign oil and gas companies within six months, the oil ministry said, a move it hopes will prompt them to boost exploration and ease the worst en...Full Story

BP Expands with 240 Million in New Exploration Blocks
11/10/2014 - BP Egypt has confirmed that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks ov...Full Story

Egypt, Greece, Cyprus Pledge to Boost Energy Cooperation
11/8/2014 - Egypt, facing its worst power crisis in decades, on Saturday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened up the possibility of progress in talks to import ...Full Story

Egypt's Cement Firms Overcome Gas Shortages
11/5/2014 - Several of Egypt's major cement producers have begun retrofitting their plants to run on energy from imported coal, beating high gas prices and energy shortages that have curbed industrial output this...Full Story

Norway's LNG Sees Egypt Regasification Start Up in Q1
11/3/2014 - Norwegian liquefied natural gas shipper Hoegh LNG finalised a five-year contract with Egypt's EGAS to supply a regasification unit by the end of the first quarter in 2015, it said. ...Full Story

Egypt Signs 350m in Oil, Power Deals with Saudi
11/1/2014 - Egypt signed $350 million worth of financing agreements with Saudi Arabia aimed at upgrading its power grid and securing imports of petroleum products as it seeks to end its worst energy crisis in dec...Full Story

New project to produce 275,000 tons of caustic soda
10/30/2014 - Prime Minister Ibrahim Mehleb visited the Sanmar Chemicals factory in Port Said. ...Full Story

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

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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