OIL AND GAS

23 Aug 2016

Gas re-pumped to MOPCO, AlexFert after maintenance

The Egyptian Holding Gas Company (EGAS) has re-pumped 90m cubic feet of gas on a daily basis to Misr Fertilisers Production Company’s (MOPCO) old factory and Alexandria Fertilisers factory. Gas pumping went back to normal following the completion of regular maintenance work and the provision the electricity plants’ requirements for electricity. Continue Reading

23 Aug 2016

Kerui Petroleum Launches High-Temperature High-Pressure Nitrogen Truck to Help Increase Paraffin Removal Efficiency and Decrease Equipment Costs

Kerui Petroleum announced that the first paraffin removal operation of their latest independent-developed High-Temperature High-Pressure Nitrogen Truck has been successfully completed at Karamay Oilfield, Xinjiang, where eight paraffin-clogged wells were revived by the new Nitrogen truck."...

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21 Aug 2016

Egypt plan to boost natural gas production

Thirteen development projects are under way in Egypt, in order to gradually increase natural gas production to between 5.5 and 6 billion cubic feet per day, according to the minister of petroleum Tarek El Molla.

Investments"...

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17 Aug 2016

EGPC diesel reserves cover needs of domestic market for 5 days

The strategic diesel reserves in the Egyptian General Petroleum Corporation’s (EGPC) warehouses are enough to cover the domestic market’s needs for five days; furthermore, shipments will continue to arrive to Egyptian ports regularly, corporation chairperson Tarek El-Hadidi said.

He"...

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16 Aug 2016

Rosneft receives $15.6 mln for its first ever LNG supply to Egypt

MOSCOW, August 15. /TASS/. Russian state-owned oil company Rosneft has received 1 bln rubles ($15.6 mln) for its first ever supply of liquefied natural gas (LNG) to Egypt under the contract with Egyptian Natural Gas, the company said in a report.

"In May 2016, the company delivered its first lot of LNG under the contract with the Egyptian Natural Gas...

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15 Aug 2016

Egypt carries out $7.4b eight petchem projects

Egyptian petroleum sector owns eight largest petrochemicals projects with investments worth $7.4 billion and total capacities estimated at 4.5 million tons per year.


Oil Minister Tarek El-Molla said Saturday that those projects include the petrochemicals complex of Egyptian Ethylene and Derivatives Company (Ethydco)"......

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11 Aug 2016

Egypt approves five oil and gas exploration deals

Egypt's government has approved five oil and gas drilling and exploration agreements with foreign companies, Petroleum Minister Tarek El Molla said on Wednesday.

Once an energy exporter, Egypt has turned into a net importer because of declining oil and gas production and increasing"...

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10 Aug 2016

23rd World Energy Congress Set to Shape Future Global Energy Landscape

  • Two months to go until the world’s largest and most influential energy event
  • 261 Speakers from 84 Countries, including 48 Ministers

Momentum is building towards the 23rd World Energy Congress, due to take place in Istanbul between 9th"...

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09 Aug 2016

Repayment period for gas shipments increased to 3 months: El-Molla

Cairo: The Ministry of Petroleum has modified all the concluded contracts with foreign companies to supply petroleum products and gas shipments. Among the modifications is an increase in the period of repayment to three months from the date of"...

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07 Aug 2016

Egypt rules out IPO plans for state-run Cairo Oil Refining

Egyptian Ministry of Petroleum will neither float shares of Cairo Oil Refining Company nor any oil firms fully owned by the government on the stock market, the ministry’s spokesman said Saturday.


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