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Egypt's EGAS has Tendered for at Least 48 LNG Cargoes
12/19/2014 - Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. ...Full Story

Kuwait Energy Finds Discovery at East Ras Qattara
12/17/2014 - Kuwait Energy an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), declared that the exploration well Shahd...Full Story

Signing the First New Project, Unconventional Gas
12/17/2014 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources witnessed the signing of the first new contract for the production of unconventional gas project in Northeast Abuel Garadeek region at t...Full Story

Egyptís Rises Refineries Production Capacity to 85k, 2020
12/14/2014 - Officials project Egyptís production capacity for oil refineries to rise from 62,000 tons to 85,000 tons daily by the end of 2020, says Petroleum Minister Sherif Ismail. ...Full Story

Rwe Dea Increases Production Volumes Exploration
12/9/2014 - RWE Dea doubled its oil and gas production in Egypt. North Africa is a strategic core region for Dea. The company is one of the leading foreign investors in Egypt and produces oil and gas in the count...Full Story

BP to Invest $12b over 5 Years, Boost Gas Supplies
12/9/2014 - British oil major BP (BP.L) plans to invest more than $12 billion in Egypt over the next five years, and to double its gas supplies to the local market in the next decade, the country manager of BP Eg...Full Story

Egypt to Launch Tender for Second LNG Import Terminal
12/9/2014 - Egypt will launch a tender for a second liquefied natural gas (LNG) import terminal in the coming weeks, which could help address the country's ongoing energy crisis, a source at the state gas board s...Full Story

Inauguration of MOC 2014 in Alexandria
12/9/2014 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources inaugurated in Alexandria the 7th Mediterranean Offshore Conference & Exhibition MOC -2014, which was held this year under the slogan " ...Full Story

Joint Talks, Minister of Energy & Kuwaiti Oil Minister
12/4/2014 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources held bilateral talks with each of Dr. Youcef Yousfi, Minister of Energy and Mines of Algeria and H.E. Dr. Ali Saleh Al-Omair, Oil Minist...Full Story

Egyptian Consumers Unlikely to Feel Oil Price Drop
12/1/2014 - The global fall in oil prices is unlikely to ease the financial strain on Egyptian consumers right away, further adding to risks of instability, despite potential gains on the macroeconomic level, eco...Full Story

Gulf Markets Bleed after OPEC Lets Oil Slide
11/30/2014 - Gulf stock markets plunged to milestone lows in a panic sell-off on Sunday after OPEC's decision to keep crude output unchanged sent oil prices tumbling. ...Full Story

Banks to Arrange $1.5 Bln Loan for Egypt
11/28/2014 - HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies, a st...Full Story

Egypt Expects 25% Savings on Fuel Subsidies, Cheaper Oil
11/27/2014 - Egypt expects to spend 25 percent less than budgeted for on fuel subsidies this fiscal year due to a fall in crude oil prices, a top oil ministry official said, offering help to the government's effor...Full Story

East Mediterranean Gas: The Fall of the Corridor and the Rise of a Hope Pipeline
11/26/2014 - For the last few years, Israel, Turkey and a number of European countries led an aggressive campaign to define the so called Eastern Mediterranean Energy Corridor: a strategic system for securing East...Full Story

Cyprus Eyes Gas Exports to Egypt Via Pipeline
11/25/2014 - Cyprus and Egypt agreed to accelerate talks on the potential export of Cypriot gas to Egypt, once the resources come on line. ...Full Story

Oil, Global Equities Support Markets
11/23/2014 - A slight rebound in oil prices and a rally in global equities supported most stock markets in the Middle East on Sunday, but profit-taking continued in Qatar. ...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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