OIL AND GAS

28 Jan 2015

Agreement signed converting 2,000 cars to run on natural gas


The Ministry of Petroleum signed Tuesday a contract with the Social Fund for Development (SFD) funding the fourth phase of a project converting cars to run on natural gas. The contract targets converting"...

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27 Jan 2015

Egypt buys up to 483,000 tonnes of gasoil for February

Egyptian General Petroleum Corp (EGPC) bought up to 483,000 tonnes of gasoil for delivery in February, trade sources said on Monday.

Egypt’s large monthly purchase is expected to support gasoil margins in Asia and the Middle East, from where more than half the cargoes likely will be shipped, they added. The state-owned firm bought six cargoes of...

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26 Jan 2015

Egypt Awards LNG Tender to Four Overseas Firms

Egyptian Natural GasHolding Company (EGAS) has awarded a $2.2 billion tender to import 75 cargoes of LNG to four international firms, news agency Reuters reported Sunday.


The four companies will supply four cargoes a month over about two years, Khaled Abdel Badie of state-run Egyptian Natural GasHolding Company"......

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26 Jan 2015

Egypt awards $2.2 bln LNG tender to 4 foreign firms-state gas board


Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said on Sunday, as the country seeks new energy sources.
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25 Jan 2015

Egypt plans oil production development to boost economy

OPEC's decision not to cut production in order to increase oil prices following a marked reduction in global prices over recent months has caused much controversy across the Middle East. Saudi Arabia's commitment not to reduce oil production has been substantiated by the claim that a reduction in production would be met by non-OPEC producing countries such as...

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24 Jan 2015

Eni discovery in the Western Desert of Egypt

Eni has announced a new discovery of oil and gas in the West Melehia deep exploration prospect, located in the Melehia licence, in the Western Desert of Egypt, 300 km2 west of Alexandria.


The"...

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24 Jan 2015

Egypt forgives Iraqi debt in exchange for oil

Iraqi Prime Minister Haider al-Abadi’s visit to Cairo on Jan. 11 included several political, military and economic agreements, and marked a new chapter in Egypt-Iraq relations."...

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22 Jan 2015

BG largest foreign investor in Egypt since revolution: President

Arshad Sufi, President of British Gas Egypt, explains the opportunities and the challenges of the Egyptian market, and outlines his trust in the government’s measures to solve the challenges facing international oil companies.


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22 Jan 2015

Egypt’s Sisi outlines national energy policy at World Future Energy Summit

Egypt has set development and reform of its energy sector as a key priority as it seeks to rebuild its economy following the country’s second revolution in the past few years, the country’s president, Abdel-Fattah el-Sisi, said January 19 during his first official visit to the"...

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