23 Sep 2014
Aminex has been advised by the operator of the West Esh el Mellaha Production Sharing Contract ('WEEM-2 PSC'), onshore Gulf of Suez, Egyp,t that the South Malak-2 exploration well will spud imminently.
South Malak-2 is targeting the prolific Nubia and Matulla sandstones. The company has also been informed that a second location has been chosen, designated...
23 Sep 2014
Petroceltic International and Edison International joint venture (JV) has received the North Port Fouad Block license, located offshore Nile Delta, Egypt, as part of the Egyptian Natural Gas Holding Company 2013 International Bid Round.
22 Sep 2014
Egypt's state-owned oil company has launched a tender to import hundreds of thousands of tonnes of fuel oil for delivery between October and December, according to tender documents seen by Reuters.
Egyptian General Petroleum Corp (EGPC) is seeking nine cargoes of 180 CST fuel oil,"...Continue Reading
20 Sep 2014
Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry said.
The agreements cover seven exploration areas. Germany’s RWE won two exploration blocks in the Gulf of Suez, while Tunisia’s HBSI, Canada’s TransGlobe and Italy’s Edison secured five...
18 Sep 2014
Egypt will buy 65 per cent of its oil product imports for the next year from the UAE, in the latest Gulf lifeline to an economy rocked by three years of turmoil. The deal, approved by the Egyptian government and announced yesterday, covers petrol,"......
Egypt will buy 65 per cent of its oil product imports for the next year from the UAE, in the latest Gulf lifeline to an economy rocked by three years of turmoil.
The deal, approved by the Egyptian government and announced yesterday, covers petrol,"......Continue Reading
15 Sep 2014
Egypt's national oil company Egyptian General Petroleum Corporation has announced the discovery of two new oil reservoirs in the Gulf of Suez and the Western Sahara.
Each reservoir has a capacity of 600 barrels of oil production per day, Egyptian"......Continue Reading
14 Sep 2014
Grandweld Shipyards has completed the delivery of the four units 42 meter Aluminum Crew Boats to Cotemar S.A. DE C.V. Mexico; the contract was signed in June 2013.
The 42M Aluminium Crew Boats are fitted with EPA"...Continue Reading
13 Sep 2014
Egypt has signed a $500 million loan with the World Bank (WB) to provide natural gas to Egyptian households, the government said in a statement.
The loan will help fund a Petroleum Ministry plan to connect 850,000 Egyptians, particularly in largely rural Upper Egypt, to a natural gas grid, Minister of International Cooperation Najla Ahwani said in the...
11 Sep 2014
03 Sep 2014
A feasibility study for a propylene production project in Alexandria worth $1.5bn in investments is underway, according to an international consultancy office that requested anonymity, said an official from the Egyptian Petrochemicals Holding Company (ECHEM).
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