OIL AND GAS

28 Mar 2015

PTT looks to sell 25% stake in East Mediterranean Gas in Egypt

Thai energy giant PTT is reportedly looking to sell 25% stake in Egypt-based East Mediterranean Gas (EMG).

The proposed plans are part of the company's review of its investments in response to unstable global oil prices.


...

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26 Mar 2015

Government committee to monitor gas cylinders’ distribution on cards: minister


The government formed a committee comprised of members from the ministries of supply, planning, and petroleum to put guidelines and controls on the distribution of home gas (LPG) cylinders on ration cards, similar to the system of bread distribution on the cards, said Minister"...

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26 Mar 2015

Egypt's Electricity Company Says Power Cuts Due to Fuel Shortage

Loads on the electricity grid will be reduced in different parts of the country alternately, the state's Egyptian Electricity Holding Company said on Wednesday.


The reason behind the recurrent power cuts is a deficit in fuel supplies to power plants, the company said in a statement.


"......

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25 Mar 2015

Egypt PM and opposition to discuss gap over electoral reforms

Egypt's Prime Minister Ibrahim Mahlab and representatives of political forces are to hold a national dialogue meeting over proposed electoral reforms.

Minister of Parliamentary Affairs Ibrahim Al-Heneidy disclosed on Tuesday that a meeting between Prime Minister Ibrahim Mahlab and representatives of mainstream political parties will be held very soon...

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24 Mar 2015

Egypt raises Gas Price for DEA to US$3.50

Egypt has agreed to pay Germany-based DEA 40 % more for the natural gas it extracts in the Nile Delta Desouk region, the oil ministry said on Monday.


The agreement marks the latest move by Egyptian authorities to improve terms for foreign oil and gas firms in the hope that more competitive pricing will encourage"......

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23 Mar 2015

EFCBC submits memorandum to Cabinet on diesel shortage: EFCBC member


The Egyptian Federation for Construction & Building Contractors (EFCBC) submitted an official memorandum to Prime Minister Ibrahim Mehleb and EFCBC Chairman Hassan Abdel Aziz demanding government intervention on diesel shortages.

The"...

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23 Mar 2015

Italcementi currently focused on energy diversification: CEO Carlo Pesenti

Italcementi, Suez Cement’s mother company, is currently focusing on energy source diversification at its Egyptian facilities, the mother company’s CEO Carlo Pesenti told Daily News Egypt.


Pesenti"...

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19 Mar 2015

Israel's Tamar group to sell gas to Egypt via pipeline


A group of private customers in Egypt have agreed to buy at least $1.2 billion of natural gas from Israel's offshore Tamar field via an old pipeline built to send gas to Israel.


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19 Mar 2015

EMGC 2015: Gas leaders examine roles of Egypt, Cyprus in future trade

Gulf Publishing Company opened its third annual Eastern Mediterranean Gas Conference (EMGC) with a welcome from John Royall, President of Gulf Publishing Company. Royall thanked attendees for"......

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19 Mar 2015

Egypt, Jordan discuss trilateral projects in petrol and natural gas with Iraq

Egypt's petroleum minister said talks between Egyptian and Jordanian officials on Wednesday adressed building gas and oil pipelines connecting Egypt, Jordan and Iraq.


Petroleum Minister Sherif Ismail said in a statement that the Egyptian-Jordanian vision on cooperation includes implementing projects to build "petroleum"......

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