OIL AND GAS

01 May 2016

Egypt SuMed pipeline accepts Iran oil

TEHRAN, Apr. 30 (MNA) – Unlike Saudi Arabia, Egypt has let Iranian tankers resume oil shipments through SuMed pipeline to supply customers in Europe and the Mediterranean Sea region.

The Egyptian administration has issued the permit"...

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27 Apr 2016

Commodity Prices and Energy Transition Top 2016 World Energy Congress Programme

  • Key sessions include speeches from CEOs of Shell and Saudi Aramco, OPEC and UNFCCC leaders and a welcoming address from the President of Turkey
  • 4 day programme covers key issues such as the global commodity price storm, innovative business models, energy storage, and Ministerial dialogues"...

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24 Apr 2016

Electricity Ministry owes $148m to General Electric for maintenance work on plants

General Electric (GE) company asked the Electricity Ministry to pay $148m in return for the overhauls and maintenance operations the company carried out on production plants over the past six months. GE overhauled the electricity generation units over the last 6 months, a prominent official at the Ministry of Electricity said. These operations included many production...

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22 Apr 2016

Cyviz Opens New Experience Center in Riyadh

Cyviz, a global leader in high-performance meeting room, data visualization, collaboration, and command & control systems, announced that it has opened a Cyviz Experience Center (CEC) in Riyadh, Saudi Arabia. The Riyadh CEC contains the latest state-of-the-art technology in visual collaboration"...

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20 Apr 2016

Egypt to announce bids for oil exploration in April: Minister

Egypt will launch international bids for oil exploration in 11 blocks in the Western Desert and the Gulf of Suez before the end of April, Minister of Petroleum Tarek El-Molla said in a press release on Tuesday.

The ministry will also provide international bids for gas exploration"...

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20 Apr 2016

Egypt's Zohr gas field to produce 1 bln cubic feet per day by end-2017

Egypt has agreed with Italy's Eni to begin production of 1 billion cubic feet per day of gas at the Zohr gas field, the biggest in the Mediterranean, by the end of 2017, oil minister Tarek El Molla said on Tuesday.

Zohr, discovered by Eni last year, has an estimated 30 trillion cubic feet of gas. It is expected to plug Egypt's acute energy shortages...

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19 Apr 2016

Engie signs renewable energy and LNG agreements with Egypt

French energy company Engie said on Monday it has signed agreements on developing renewable energies and importing liquefied natural gas (LNG) with various Egyptian companies during a visit by French President Francois Hollande in Cairo.

The company said in a statement that it signed a cooperation agreement for further development of renewable energy...

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18 Apr 2016

Gas from Egypt's giant Zohr field could flow by 2017

Latest estimates of Zohr's capacity have risen to 30 trillion cubic feet.

Development of the giant Zohr natural gas reservoir in Egypt is proceeding at a dizzying pace. At the end of last week, Italian company Eni successfully completed its third drilling, and said that the amount of gas in it was 20% higher"......

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17 Apr 2016

Eni completes drilling third well in Zohr field

Italian company Eni completed the drilling of the third gas well at its giant offshore Zohr gas field in Egypt. The initial estimations of the third deepwater well are larger than the first and the second, with estimated reserves of 30tn cubic feet.

A senior official from Eni told"...

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12 Apr 2016

KSA to supply Egypt with 700,000 tonnes of petroleum products a month

Saudi Arabia is to provide Egypt with 700,000 tonnes of petroleum products a month under a $23 billion deal over five years between Saudi Aramco and the Egyptian General Petroleum Corp, an EGPC official said on Monday.


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