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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

Five Months on, Egyptian Gas Supply Cut Continues
6/30/2014 - Natural gas imports from Egypt, which have been completely halted for over five months, are not expected to resume anytime soon, Energy Minister Mohammad Hamed said. ...Full Story

BG's Plant in Talks with Israel to Import Natural Gas
6/29/2014 - Egypt's government won't import natural gas from Israel until it's certain that the deals will add high value to the country's economy, the Egyptian news website Youm7 reported, citing the petroleum m...Full Story

Egypt's EGAS Expects Delay in Gas Import Terminal
6/29/2014 - Egypt expects a delay in the delivery of an import terminal for liquefied natural gas (LNG), a plant that is expected to help it combat the worst energy crisis in years, a source at Egyptian Natural G...Full Story

Egypt to Pay $1.5b Owed to Oil Companies by Year End
6/26/2014 - Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister said on Thursday, as the government aims to lure back wary investors to tap its reserv...Full Story

BP Gas Project Restarted, Pledges to Pay Gas Firm Debts
6/26/2014 - Egypt's oil minister said on Thursday that BP's $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst...Full Story

Algeria & Egypt's Sisi Talk Security, Gas Shipments
6/25/2014 - Algeria agreed to ship five cargoes of liquefied natural gas to Egypt before the end of the year, a source at Algerian state energy firm Sonatrach said, helping its north African neighbour with its wo...Full Story


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