OIL AND GAS

27 Nov 2014

In addition to Israeli gas? Egypt has its eyes set on Cypriot gas

Cyprus and energy-starved Egypt agreed Tuesday to speed up procedures on the prospect of exporting natural gas from the Mediterranean island to the North African country, officials said.


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26 Nov 2014

Gas pipeline to Egypt now being looked at

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...

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25 Nov 2014

Egypt looks to import Cypriot natural gas

Egypt is speeding up talks with neighboring Cyprus to import natural gas for its domestic use and for possible re-export to other countries, the Egyptian petroleum minister said Tuesday.


Sherif"...

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24 Nov 2014

FDI in oil and gas unaffected by Egypt’s instability

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.


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23 Nov 2014

Egypt Approvess Opening of Bids for Shale Gas Licences in Western Desert

Egypt has granted approval for opening of bids for exploration of shale gas in four areas in the Western Desert, according to an EGAS official.


Daily News Egypt reported that the project will be offered"......

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22 Nov 2014

Reuters: Tamar Gas Group Plans Upgrade, Including Pipeline to Egypt

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).


The"...

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20 Nov 2014

SacOil CEO Looks at Mozambique and Egypt in Portfolio Balancing

SacOil Holding Ltd. (SCL) wants to diversify its assets by building a natural-gas pipeline in Mozambique and developing Egyptian oil wells, according to CEO Thabo Kgogo.


“We"......

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19 Nov 2014

British Gas postpones project due to late payment of government dues: Egygas official

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"...

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18 Nov 2014

Egypt spent $3 bln on fuel subsidies in the first quarter

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"...

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17 Nov 2014

Saudi Arabia, Egypt pull back as oil slides

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)"...

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