05 Dec 2016
Khalda Petroleum Company has reduced the cost of oil produced from the Apache concession area in the western desert to $4.5 per barrel in the first quarter of the current fiscal year, down from $5.
Mohamed Abdel Azim, head of the Khalda Petroleum Company, told Daily News Egypt that the company"...Continue Reading
04 Dec 2016
Egypt has accepted six bids from international firms for oil and gas exploration, the country's petroleum ministry said on Friday.
Companies involved in the process include Royal Dutch Shell, BP,"...Continue Reading
03 Dec 2016
Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said on Friday.
In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the Western Desert and Gulf of Suez as Egypt looks to boost oil and gas production to meet...
03 Dec 2016
Apex International Energy said Dec. 2 it was awarded blocks 8 and 9 in the Abu Gharadig Basin in Egypt's Western Desert by the Egyptian General Petroleum Co. (EGPC) from its 2016 bid round.
Block 8 West Badr el Din"...Continue Reading
30 Nov 2016
Italian oil and gas company Eni is in talks with various parties to cut its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said on Monday.
The company, which owns"...Continue Reading
29 Nov 2016
Egypt will import around 60 cargoes of liquefied natural gas (LNG) next year and Glencore will be the biggest supplier, trading sources with knowledge of the results of Egypt's mega tender for 2017 and 2018 said on Monday.
Glencore bagged the right to supply around 25 liquefied natural gas (LNG) cargoes to Egypt, while second-placed Trafigura is understood...
28 Nov 2016
Egypt’s Petrojet Company has won Sunday a $90 million contract to implement a new gas pipeline project in Oman’s Duqm Special Economic Zone (SEZ).
This was announced during a meeting between Mohamed Shemy,"...Continue Reading
27 Nov 2016
Egyptian Oil Minister Tarek El-Molla received Saturday a report from Ganoub El-Wadi Petroleum Holding Company (Ganope) on work progress in the newly-discovered EGZ-1X well. The EGZ-1X well is located in east Gabal El Zeit area, Gulf of Suez.
27 Nov 2016
The Egyptian Petroleum Ministry announced an oil exploration at East Gabal El Zeit area in the Gulf of Suez, official news agency MENA reported Saturday.
The new well will produce 1,000 barrels of oil and one million"...Continue Reading
22 Nov 2016
The Cairo Governor announced on Tuesday that taxi fares’ initial charge will increase from EGP 3 to EGP 4, along with an increase in the rate per kilometer from EGP 1.4 to EGP 1.75, in the wake of a surge in the prices of fuel. Taxi"...
The Cairo Governor announced on Tuesday that taxi fares’ initial charge will increase from EGP 3 to EGP 4, along with an increase in the rate per kilometer from EGP 1.4 to EGP 1.75, in the wake of a surge in the prices of fuel.
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