27 Nov 2014
26 Nov 2014
Nicosia and Cairo agreed on Tuesday to speed up talks for exporting Cypriot gas to Egypt as the island appeared to switch track from onshore LNG to pipelines.
Egypt can receive as much gas quantities as Cyprus can export, Egypt’s petroleum minister Sherif Ismail told reporters in Nicosia.
Τhe gas could also be processed so that it can...
25 Nov 2014
24 Nov 2014
Political instability in Egypt did not impede the possibility of greenfield foreign direct investment (FDI) in the country’s oil and gas sector, an Economic Research Forum (ERF) supported research paper has shown.
23 Nov 2014
Daily News Egypt reported that the project will be offered"......Continue Reading
22 Nov 2014
Israel's offshore Tamar gas field may get a $1.5-$2 billion upgrade, including the construction of an underwater pipeline to an export plant in Egypt run by Spain's Union Fenosa Gas (UFG).
20 Nov 2014
19 Nov 2014
A senior official in Egygas revealed that British Gas has postponed the project linking production phase 9B to the Borollos fields until the beginning of 2016, rather than the beginning of 2015 as outlined in the approved plan.
In special statement to Al-Borsa, the official said that"...Continue Reading
18 Nov 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 on Monday.
As part of efforts to revive an economy battered by three years of political"...Continue Reading
17 Nov 2014
Stock markets in Saudi Arabia and Egypt fell in early trade on Monday as both markets saw broad sell-offs against a weak global background.
The main Saudi index fell 1.2 percent shortly after opening with most stocks in the red. Shares in heavyweight Saudi Basic Industries (SABIC)"...Continue Reading
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