OIL AND GAS

05 Dec 2016

Khalda Petroleum reduces cost of oil produced from Apache concession to $4.5/barrel

Khalda Petroleum Company has reduced the cost of oil produced from the Apache concession area in the western desert to $4.5 per barrel in the first quarter of the current fiscal year, down from $5.

Mohamed Abdel Azim, head of the Khalda Petroleum Company, told Daily News Egypt that the company"...

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04 Dec 2016

Western companies flock to Egypt for oil exploration bids

Egypt has accepted six bids from international firms for oil and gas exploration, the country's petroleum ministry said on Friday.

Companies involved in the process include Royal Dutch Shell, BP,"...

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03 Dec 2016

Egypt accepts six bids for oil and gas exploration

Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said on Friday.

In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the Western Desert and Gulf of Suez as Egypt looks to boost oil and gas production to meet...

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03 Dec 2016

Apex International Energy Receives Two Blocks In Egypt’s Western Desert

Apex International Energy said Dec. 2 it was awarded blocks 8 and 9 in the Abu Gharadig Basin in Egypt's Western Desert by the Egyptian General Petroleum Co. (EGPC) from its 2016 bid round.

Block 8 West Badr el Din"...

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30 Nov 2016

Eni eyes cutting stake in Egypt's Zohr giant gas field to 50%

Italian oil and gas company Eni is in talks with various parties to cut its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said on Monday.

The company, which owns"...

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29 Nov 2016

Glencore comes out top as Egypt awards mega LNG import tender

Egypt will import around 60 cargoes of liquefied natural gas (LNG) next year and Glencore will be the biggest supplier, trading sources with knowledge of the results of Egypt's mega tender for 2017 and 2018 said on Monday.

Glencore bagged the right to supply around 25 liquefied natural gas (LNG) cargoes to Egypt, while second-placed Trafigura is understood...

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28 Nov 2016

Egypt’s Petrojet wins Oman $90 million gas pipeline contract

Egypt’s Petrojet Company has won Sunday a $90 million contract to implement a new gas pipeline project in Oman’s Duqm Special Economic Zone (SEZ).

This was announced during a meeting between Mohamed Shemy,"...

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27 Nov 2016

Ganope: Egypt's East Gabal El Zeit oil well produces 1,000 barrels/daily

Egyptian Oil Minister Tarek El-Molla received Saturday a report from Ganoub El-Wadi Petroleum Holding Company (Ganope) on work progress in the newly-discovered EGZ-1X well. The EGZ-1X well is located in east Gabal El Zeit area, Gulf of Suez.

According"...

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27 Nov 2016

Egypt digs in for oil, gas production in Gulf of Suez

The Egyptian Petroleum Ministry announced an oil exploration at East Gabal El Zeit area in the Gulf of Suez, official news agency MENA reported Saturday.

The new well will produce 1,000 barrels of oil and one million"...

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22 Nov 2016

Cairo governor raises taxi fares following increase in fuel prices

The Cairo Governor announced on Tuesday that taxi fares’ initial charge will increase from EGP 3 to EGP 4, along with an increase in the rate per kilometer from EGP 1.4 to EGP 1.75, in the wake of a surge in the prices of fuel.

Taxi"...

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