Features | In Focus

  • Amidst Dreams of Self-Sufficiency What will Happen to Egypt’s FSRUs?

    Amidst Dreams of Self-Sufficiency What will Happen to Egypt’s FSRUs?

    Sunday, 12th November 2017

    The usage of Floating Storage Regasification Units (FSRUs) has been an asset for Egypt’s natural gas imports since 2015, when the country downgraded its position as a natural gas exporter to a net importer. Recent discoveries, however, forecast an output boom that will enable Egypt to entirely cover its domestic demand with local supply by late 2018. The expected rupture with natural gas imports and the prospects of regaining its position as an exporter led the natural gas industry to rethink FSRUs’ usage, looking at it as an essential tool to help Egypt become a regional energy hub.

  • A Look into the Immediate Impact of Zohr on Egypt’s LNG Import Bill

    A Look into the Immediate Impact of Zohr on Egypt’s LNG Import Bill

    Sunday, 5th November 2017

    As Egypt’s famous mega gas field Zohr nears its official production date, many speculations revolve around how soon it will begin to impact the local market behavior, and more importantly, the national import bill.

  • Were Subsidy Cuts the Main Driver Behind the Fall of Butane Cylinders’ Consumption?

    Were Subsidy Cuts the Main Driver Behind the Fall of Butane Cylinders’ Consumption?

    Wednesday, 1st November 2017

    Elimination of energy subsidies have been the focus of the Egyptian government since 2014, resulting in gradual, yet significant, increases in prices throughout the local market. As a core staple in Egyptian households, butane or liquefied petroleum gas (LPG) cylinders were often exempt from the different rounds of price escalations; however, encouraged by the reform measures in line with the $12b IMF loan program, in November 2016, the official price of LPG cylinders jumped from EGP 12.5 to EGP 15 per cylinder.

  • Fluctuations of Diesel Consumption:  A MARKET SHIFT OR RATIONAL USAGE?

    Fluctuations of Diesel Consumption: A MARKET SHIFT OR RATIONAL USAGE?

    Wednesday, 1st November 2017

    The prices of petroleum products have recently changed after the latest government amendment to the energy subsidies in June of this year, increasing fuel prices by at least 50%, according to the ministry of electricity statements. The government’s aim by the increase is to reduce the total amount of petroleum products subsidies to EGP 110 billion in fiscal year (FY) 2017/2018, according to an earlier statement by Tarek El Molla, the Minister of Petroleum.

  • An Overview of Egypt’s Discoveries and Acquisitions – Q3 2017

    An Overview of Egypt’s Discoveries and Acquisitions – Q3 2017

    Wednesday, 1st November 2017

    Amidst the economic reform ongoing in Egypt, the oil and gas industry has played an incredible role in designing prospects to rebalance the government’s budget. In 2017, the hydrocarbon-rich country has obtained important achievements in the petroleum sector, and upstream activities were marked by several oil and gas discoveries and acquisitions.

  • APOLLONIA PROJECT : IT’S ALL ABOUT EFFICIENCY

    APOLLONIA PROJECT : IT’S ALL ABOUT EFFICIENCY

    Monday, 13th March 2017
    Apollonia formation forms a reasonable reservoir size spreading over an area of several hundred kilometers and it is characterized as a carbonate reservoir that consists mainly of high-porosity soft chalky and low permeability limestone.
  • MARIDIVE GROUP Endless Sea, Endless Growth

    MARIDIVE GROUP Endless Sea, Endless Growth

    Monday, 13th February 2017
    With more than 20 operating marine units currently employed in the Mediterranean Sea and in the Gulf of Suez, Maridive Group counts to the top notch offshore service providers in Egypt. It is also proudly presenting its achievements with the rest of its fleet spread across several continents from the Arabian Gulf and North and West Africa, all the way to Latin America.
  • ENERGY IN EGYPT 2017:  A YEAR OF TRANSFORMATION?

    ENERGY IN EGYPT 2017: A YEAR OF TRANSFORMATION?

    Monday, 9th January 2017
    By Hugh Fraser, Office Managing Partner, Andrews Kurth Middle East 2017 promises to be a year of transformation for the Egypt energy sector. The Minister of Petroleum, Tarek El Molla, speaking at the OTC Conference in Houston in May last year candidly pointed to the challenges the Egyptian Government was facing with IOC debt accumulations, the burden of fuel subsidies and the impact of currency and expatriation of funds concerns among foreign investors.
  • THE EGYPTIAN UPSTREAM PETROLEUM SECTOR: LEGAL ANALYSIS OF JOINT OPERATING COMPANIES

    THE EGYPTIAN UPSTREAM PETROLEUM SECTOR: LEGAL ANALYSIS OF JOINT OPERATING COMPANIES

    Sunday, 6th November 2016
    Petroleum upstream projects in Egypt are considered a milestone in the growth of the Egyptian national economy and they are the main vehicle through which sustainable development may be achieved in the country. Petroleum production projects include two main phases, the exploration phase and the development and production phase.
  • Navigating through Production Sharing, Concession, and Service Agreements

    Navigating through Production Sharing, Concession, and Service Agreements

    Sunday, 18th September 2016
    Production Sharing, Concession, and Service Agreements are the three basic types of the contractual arrangements executed in petroleum exploration and production. These agreements are concluded between the host country (HC), where the exploration and production operations will take place, whether in its onshore or offshore territories, and its national oil company (NOC) and a petroleum company (IOC). IOC may consist of one company or a group of companies (consortium) and might be local or international.