OIL AND GAS

19 Feb 2017

MESC plans to expand in North Africa via Al-Mousa Cables in Egypt

The 2017 Egypt Petroleum Show (EGYPS) Conference concluded its events on 16 January with the presence of prestigious petrochemical, oil, and gas companies. This was the reason the multinational company of Middle East Specialized Cables Company (MESC)—based in Saudi Arabia—along with Al-Mousa Cables, joined the conference.

MESC"...

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15 Feb 2017

Egypt self-sufficiency in gas production seen in the next two years

Egypt expects to attain self-sufficiency in gas production within the next two years under the programs recently adopted by the government as part of its efforts to pursue reforms and continue development, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla said at the Egypt"...

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15 Feb 2017

Big Oil to Make Massive Investments in Egypt

Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North African country over the next five years, Chief Executive Officer Claudio Descalzi said at a"...

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15 Feb 2017

Oil companies bullish on Egypt, eyeing more investment, discoveries

Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now that ENI's (ENI.MI) giant Zohr gas discovery has put its Mediterranean waters on the map.

Once"...

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15 Feb 2017

Egypt nearing deal with Iraq in search for crude oil imports

Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help secure supply, Egyptian General Petroleum Corporation's chief Tarek al-Hadidi said.

Cairo's"...

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12 Feb 2017

Egypt's GASC says seeking at least 30,000 tonnes soyoil in tender

Egypt's state buyer, the General Authority for Supply Commodities (GASC) said on Sunday it was seeking at least 30,000 tonnes of soyoil in a tender.

The deadline for bids is Wednesday and the oil is for arrival until March 30, GASC said.

......

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11 Feb 2017

Egypt to import LNG

According to the latest Bloomberg report, Egypt plans to import as many as 108 cargoes of LNG this year as the country prepares to start producing at two gas fields and move closer to its goal of self-sufficiency and even exports by 2019.

Egypt will"......

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07 Feb 2017

EETC contracts with EGEMAC to supply two transmission stations worth EGP 350m

Egyptian Electricity Transmission Company (EETC) has signed a contract, worth EGP 350m, with the Egyptian German Electrical Manufacturing Company (EGEMAC) to supply two power transmission stations in Sharm el-Sheikh and Hurghada.

Medhat Ramadan, chairperson of EGEMAC, said that the capacity"...

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07 Feb 2017

Electricity Ministry covers LE21.2bln of its debts to Petroleum Ministry

The Ministry of Electricity has paid EGP 21.2bn of its debts to the Ministry of Petroleum, from a total debt of EGP 60.9bn.

Government sources said that the Ministry of Electricity paid EGP 20bn from a loan obtained from Banque Misr and the National Bank of Egypt, adding that the loan will be repaid over seven years with a grace period extending"......

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07 Feb 2017

Egypt investing EGP187m in butane production

The Egyptian ministry of petroleum said that the investment cost of butane and naphtha production project in Assiut Oil Refining Company (ASORC) amounts to EGP 187 million ($10.11 million), with a production capacity of 400,000 tonnes per year.

According"...

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