Features / In Focus
Gas contracts review… Weighing the pros and cons
Whether it is due to public pressure or a necessity that should have been done long time before, the current review of all gas contracts has been the key to put an end to the ongoing controversy in the petroleum sector. Weighing all sides of Egyptian gas exportation is the challenge now to stabilize the gas investments once more. How eligible is the new minister?
The wave of change has dominated every aspect in the Egyptian society. The Petroleum Sector has had its share of alterations that led to the appointment of a new Petroleum Minister, Eng. Mahmoud Latif, Chairman of EGAS. Though it is known that this interim cabinet is selected to conduct workflow for six months only, there is a long list of reforms and demands that is required to be fulfilled by Eng. Latif Rising to the challenge
The newly appointed Petroleum Minister Eng. Mahmoud Latif will start his first days with a working agenda that is filled with lots of tribulations. The new ministry came knowing that their working table overflowing with controversial contracts, late deals, $6 million petroleum debt, and labor strikes await to be solved in such critical time Egypt’s Gas Agreements: Exploitative or Necessary for Growth?
Egypt's location as a gateway between Asia, Africa and Europe and the strategic presence of the Suez Canal, in addition to substantial untapped resources, have made it a very attractive destination for international gas producers. While Egypt's government has been focused on attracting as many companies as possible to do business in the country with highly preferential terms of agreement, accusations of corruption and misuse of public funds have followed revelations about discriminatory agreements obliging Egypt to sell gas at below market price, or determining higher price levels for gas bought by the Egyptian government from foreign producers. 2011: the petroleum kick-off year
Though many believes that the year of 2010 brought some kind of relief to the petroleum industry worldwide, but the concerns now revolves about the new year of 2011 and what would it bring to the Egyptian sector? Payment Delays: A threat to the petroleum sector?
Egypt's petroleum sector leads the nation's economy in attracting foreign direct investment (FDI). This crucial component of the local economy is driven by partnership agreements between the Egyptian government and contracting companies, including major oil giants like British Petroleum (BP), British Gas (BG), and ExxonMobil, among many others. In 2011 service firms seek Equal chances, transparency and quality
Cruising into 2011, the most crucial requirements for the services companies are the need for transparency, a self-regulating organization, quality awareness as well as equal opportunities. Drilling the market’s, high hope
Trying its best to escalate the national production rates, the Egyptian Petroleum Ministry's attempts to achieve this goal cannot be emphasized in reality without influencing the drilling, production as well as development plans of the petroleum companies operating in the domestic market 
