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Egypt Oil & Gas News

Dana Gas Receives $20M from Egypt
Dana Gas Receives $20M from Egypt EG >> 12/18/2019 - Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has received $20 million (AED 73m) from the Egyptian Government in Egyptian pounds. Total receipts from Egypt has ...
NBE Signs 3 Agreements worth €25M to Finance EPAP III
NBE Signs 3 Agreements worth €25M to Finance EPAP III EG >> 1/14/2019 - The National Bank of Egypt (NBE) and board directors of three major companies have signed three agreements, worth 25 million euros, to finance the Egyptian Pollution Abatement Program (EPAP) - Phase I...
Egypt & Jordan Sign Supplemental Deals on Natural Gas
Egypt & Jordan Sign Supplemental Deals on Natural Gas EG >> 1/14/2019 - Petroleum Minister Tareq el Mulla held a meeting with Jordanian Minister of energy and mineral wealth Hala Zawati to discuss the latest developments of joint energy projects. ...
Cairo Declaration Establishes Eastern Mediterranean Gas Forum
Cairo Declaration Establishes Eastern Mediterranean Gas Forum EG >> 1/14/2019 - The energy ministers from seven Eastern Mediterranean countries declared in Cairo the establishment of the East Mediterranean Gas Forum (EMGF), which includes Egypt, Cyprus, Greece, Italy, Israel, Jor...
SDX Energy Provides Operations Update in Egypt
SDX Energy Provides Operations Update in Egypt EG >> 1/14/2019 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to provide an update on operational developments in Egypt. A full operations update will be announced in late January 2...
GPC Oil Production Hit 97.400 Barrels a Day
GPC Oil Production Hit 97.400 Barrels a Day EG >> 1/13/2019 - The state-owned General Petroleum Company (GPC) said that its total production hit 97,400 barrels per day in the first half of the current fiscal year 2018-2019. ...
RCREEE & Egypt Housing Ministry Signed Deal in Green Energy
RCREEE & Egypt Housing Ministry Signed Deal in Green Energy EG >> 1/12/2019 - The Regional Center for Renewable Energy and Energy Efficiency (RCREEE) signed a new cooperation agreement with Egypt’s housing ministry aimed at encouraging investments in renewable energy and energy...
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets EG >> 1/9/2019 - Electricite de France SA’s Italian unit has attracted potential bidders including Neptune Energy and Warburg Pincus’s Apex International Energy for its oil and gas business, people familiar with the m...
Egypt to Implement Gasoline Price Mechanism in April
Egypt to Implement Gasoline Price Mechanism in April EG >> 1/7/2019 - Egypt will implement an automatic price indexation mechanism on 95 octane gasoline starting in April which will limit price changes to 10 percent, Petroleum Minister Tarek El Molla said. ...
Contracts Inked to Convert 4,000 Vehicles into Gas-Powered Vehicles
Contracts Inked to Convert 4,000 Vehicles into Gas-Powered Vehicles EG >> 1/5/2019 - The Ministry of Petroleum and Mineral Resources and the Micro, Small and Medium Enterprises Development Agency (MSMEDA) signed two contracts, worth EGP 20 million pounds, to convert 4,000 vehicles int...
Rockhopper Exploration Announces Operational Update
Rockhopper Exploration Announces Operational Update EG >> 1/3/2019 - Rockhopper Exploration plc (RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following corporate update. ...
Egypt Exporting 520 MMCFDof LNG from Idku Plant
Egypt Exporting 520 MMCFDof LNG from Idku Plant EG >> 1/2/2019 - Egypt is currently exporting 520 million cubic feet of liquified natural gas (LNG) per day from its Idku export plant, a petroleum ministry official said. ...
Cabinet Approves Russian Technical Support to Dabaa Project
Cabinet Approves Russian Technical Support to Dabaa Project EG >> 12/28/2018 - The cabinet has entrusted Minister of Electricity Mohamed Shaker with commissioning head of the Egyptian nuclear and Radiological regulatory Authority (ENRRA) to sign the fifth contract of extending f...
Saipem Awarded LOI for New Zohr Field Contract
Saipem Awarded LOI for New Zohr Field Contract EG >> 12/20/2018 - Saipem and Petrobel have negotiated an offshore contract addendum worth more than 1.2 billion USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Ramp...
Edison Is Committed to Explore East Mediterranean in 2019
Edison Is Committed to Explore East Mediterranean in 2019 EG >> 12/20/2018 - Edison remains firmly committed to Egypt and is currently preparing important drilling campaigns for, as initially planned, 2 exploration wells in East Med, respectively in North Thekka and North Ea...
Petroleum Minister Inspects Progress in Zohr field
Petroleum Minister Inspects Progress in Zohr field EG >> 12/14/2018 - Petroleum Minister Tareq el Mulla inspected the progress realized so far in the Zohr gas field, offshore the Mediterranean Sea. ...
Petroleum Ministry & Schlumerger Int'l Company Ink 3 MoUs
Petroleum Ministry & Schlumerger Int'l Company Ink 3 MoUs EG >> 12/14/2018 - Minister of Petroleum Tareq el Mulla and Chairman and CEO of Schlumberger Paal Kibsgaard witnessed the inking of three memorandums of understanding for cooperation in the fields of training, workplace...
OPIC Board Approves More Than $1.3B to Development Projects
OPIC Board Approves More Than $1.3B to Development Projects EG >> 12/13/2018 - The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, on Thursday approved more than $1.3 billion in financing and political risk insurance across ...
Dana Gas Hits Production Landmark of 70,000 BOED
Dana Gas Hits Production Landmark of 70,000 BOED EG >> 12/13/2018 - Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, announces that as a result of the ramp up of production from its debottlenecking project in the Kurdistan region o...
Signing an Agreement to Fund Tahrir Petrochemical Complex
Signing an Agreement to Fund Tahrir Petrochemical Complex EG >> 12/10/2018 - Prime Minister Mostafa Madbouli attended the signing ceremony of a 1.25-billion-dollar agreement between Egypt's Carbon Holdings Co. and the Africa Finance Corporation to fund the Tahrir Petrochemical...
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession EG >> 12/9/2018 - Eni has announced that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour Nort...
Spanish Interest to Invest in the Oil & Gas Industry in Egypt
Spanish Interest to Invest in the Oil & Gas Industry in Egypt EG >> 12/3/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with the Spanish Ambassador to Egypt, Ramon Gil-Casares, ways of boosting economic relations between the two countries in th...
Egypt Says U.S. Oil Firms Showing Appetite for Offshore Projects
Egypt Says U.S. Oil Firms Showing Appetite for Offshore Projects EG >> 11/24/2018 - Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due before year-end, Petroleum ...
Mulla & Fannon Discuss Boosting Oil & Gas Cooperation
Mulla & Fannon Discuss Boosting Oil & Gas Cooperation EG >> 11/19/2018 - Petroleum Minister Tareq el Mulla had talks with US Assistant State Secretary for Energy Resources Francis R. Fannon on means of promoting cooperation in the oil and natural gas domains in view of ong...
TransGlobe Announces Test Results for Oil Discovery in Egypt
TransGlobe Announces Test Results for Oil Discovery in Egypt EG >> 11/19/2018 - TransGlobe Energy Corporation announces the test results for the South Ghazalat 6X oil discovery. As announced on November 8th, 2018, the Company drilled the SGZ 6X exploration well to a total depth o...
Indorama Ventures Acquires 74% in Egypt’s Medco Plast
Indorama Ventures Acquires 74% in Egypt’s Medco Plast EG >> 11/14/2018 - Indorama Ventures Public Company Limited (IVL) has completed the acquisition of 74% of the share capital of Medco Plast for Packing and Packaging Systems S.A.E. (Medco Plast) from Middle East Glass Ma...
Egypt's Midor Refinery Agrees $1.2B Loan with 3 International Banks
Egypt's Midor Refinery Agrees $1.2B Loan with 3 International Banks EG >> 10/31/2018 - Egypt’s state-owned Middle East Oil Refinery Company (Midor) has signed a $1.2 billion loan agreement with three international, the petroleum ministry said in a statement. ...
Petroleum Minister & Petronas Disscus Activities in Egypt
Petroleum Minister & Petronas Disscus Activities in Egypt EG >> 10/26/2018 - Minister of Petroleum and Mineral Resources Tareq el Molla discussed with President and CEO of Malaysia’s Petronas Wan Zulkiflee means of boosting the Malaysian firm’s activities and investments in Eg...
Egypt to Offer First Petroleum Excavation Bid in Red Sea in 2018
Egypt to Offer First Petroleum Excavation Bid in Red Sea in 2018 EG >> 10/24/2018 - Egypt's Minister of Petroleum Tarek El-Molla has announced that Egypt will offer the first bid on oil and gas excavation in the Red Sea before the end of 2018 after processing seismic reflection data....
TransGlobe Energy Corporation Announces an Operations Update
TransGlobe Energy Corporation Announces an Operations Update EG >> 10/24/2018 - TransGlobe Energy Corporation (TransGlobe) announces an operations update. All dollar values are expressed in US dollars unless otherwise stated. ...

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