Features / In Focus

Debt, Fuel, Water, and Social Stability

The Egyptian oil and gas sector, while crucial to the country's economy, is presently playing a dangerous financial and political game that is simultaneously generating substantial obstacles to future macroeconomic growth and development. Over the last year, evidence of this game is to be found in the media's wide reporting of the high debt levels owed by the Egyptian government to various oil and gas production companies.

An Examination of International Petroleum Contracts

As the national dialogue shifts towards the future of the Morsi administration post constitutional referendum, a dialogue of another sort is currently under way and it is one of equal complexity and significance to Egypt's socioeconomic landscape.

Quitting the ”cheaper is better” motto

The most prominent obstacles and challenges facing the petroleum services companies in Egypt

Intangible Credit

The ministry of petroleum is relying on its long-standing relationships with investors based on a history of mutual success, but this will not be enough to provide reassurances for current and future investments if the industry's finances remain unbalanced.

The Future of Natural Gas in the Mediterranean

Experts confirm that Egypt possesses 223 trillion cubic feet of natural gas in the Mediterranean; more investments needed to acquire them.

The New Minister of Petroleum: Has the Sector Found Its Saviour?

The appointment of Eng. Osama Kamal to the post of Minister of Petroleum and Mineral Resources proved to be a surprise to many, prompting varied predictions and expectations. Egypt Oil & Gas weighs in on the new man in charge and his prospects for success.

Cheques and Balances

The government must organize its own internal dealings financially and work for more efficiency if the petroleum sector is to balance its checkbooks.

Between the Transitional Ministry and the Ministry of the Revolution

Debts, dues, subsidies, fuel shortages and wage regulation present themselves as some of the most prominent and pressing issues facing the incoming minister of petroleum, as industry experts assure that these problems can be rectified in the space of a year and a half.

Hopes: The Sector Awaits its New Leader

With an incipient new ministerial cabinet, the petroleum sector awaits a new leader, and purview to every individual in the industry is the multitude of stumbling blocks hampering the efficient functionality of the Egyptian petroleum sector. Indeed this sector is one of the few organs of the economy that have persevered during the previous 16 months; it too suffers substantially dysfunctional bureaucracy.

Coping with the Zeitgeist… Seeking Solutions for Tomorrow’s Inevitable Complications

Over the past decade, the development of Egypt's hydrocarbon resources has seen a significant quantitative rise. Investors lay their aggressive exploration and development strategies, and through intensified campaigns, they strive to achieve their desired targets. However, hydrocarbons are and will always be a non-renewable source of energy, which means the diminution of its resources, is inevitable. Egypt's extant conventional petroleum resources are on the verge of depletion, and experts estimate another five to six years before Egypt's finds itself at a juncture that necessitates the implementation of radical changes to the current regulatory framework to be able to resume upstream activities.

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