OIL AND GAS

03 Mar 2015

Reuters: Egypt Expects LNG Deals with Shell and Total in New Bid Round

Egypt expects to agree additional liquefied natural gas (LNG) import deals with Shell and Total, and is close to paying BG Group more for the gas it produces offshore, its oil minister said on Monday.


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03 Mar 2015

Egypt to add cooking oil to smart card system

Egypt plans to add subsidised cooking oil to a new smart card system implemented last year, Supplies Minister Khaled Hanafi said on Monday, a move aimed at saving money and cutting down queues for poor consumers.

The government is trying to pull off the delicate task of reforming a decades-old system of subsidies that has drained state coffers without...

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28 Feb 2015

Egypt Aims for LNG Import Independence by 2020

Establishing high hopes for Egypt’s domestic energy sector, Oil Minister Sherif Ismail announced that the country intended to be free of LNG imports by no later than 2020 with the"...

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25 Feb 2015

Omanoil ties up with QuadOil as its exclusive lubricant dealer in Egypt

As part of its ambitious international market-penetration strategy, Oman Oil Marketing Company (omanoil) has tied-up with QuadOil as the exclusive dealer of its own brand of lubricants in Egypt.


Since"...

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24 Feb 2015

Egypt to get first LNG cargo next month amid plans to export gas


Egypt, with Africa’s third-largest reserves of natural gas, plans to receive its first cargo of foreign liquefied fuel next month, a government official said.


The country is set to import at least 76 shipments of liquefied"......

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22 Feb 2015

Eni to Boost Investment in Egypt

Italian energy major Eni will boost investment in Egypt, Claudio Descalzi, CEO of Italian oil company said Saturday.


According to a statement by Egypt’s State Information Service, the announcement was made during Descalzi’s meeting with President Abdel Fattah El Sisi in Cairo. Also in attendance were"......

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21 Feb 2015

Egypt signs deal with Switzerland’s Vitol to import 9 LNG shipments

The state-owned Holding Company for Natural Gas (EGAS) signed Thursday a two-year deal with the Swiss-based Vitol to import nine liquefied natural gas (LNG) shipments starting June.


This"...

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19 Feb 2015

BG delays linking 150m cubic feet daily for production to 2016


British Gas (BG) has delayed linking two 9A+ wells for production, which will add approximately 150m cubic feet per day, to 2016 instead of this year.

A senior official at the Egyptian Natural Gas"...

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17 Feb 2015

Egypt and Cyprus aim for gas import deal in 6 months-statement


Egypt and Cyprus have signed a memorandum of understanding on energy cooperation and aim to reach a deal on Egyptian imports of Cypriot gas in six months, the Egyptian prime minister's office said in a statement"...

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14 Feb 2015

Ahramonline: Egypt 'Doesn't Mind' Israeli Gas

A week after Reuters broke the news of talks between the Egyptian Natural Gas Holding Company (EGAS) and the American Noble Energy Company, which operates Israeli gas fields, the Ministry of Petroleum appears to publicly support a new policy that would allow the importation of Israeli"...

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