News / Egypt
Dow Chemical in Egypt Mentors Young Entrepreneurs
The Dow Chemical Company, a leading science and technology company, in collaboration with Young Arab Leaders (YAL), a pan-Arab, non-profit organization that seeks to promote leadership and entrepreneurship among Arab youth, today announced the participation of Dow Chemical in Egypt in the 2009 Innovation & Entrepreneurship Initiative, a program designed to support the advancement of entrepreneurs in the Arab world. Edison strongly back with two discoveries
Edison, the Italian company, successfully made two new natural gas and crude oil discoveries in the areas of Abu Qir bay in Alexandria and the Western Desert. Egypt to reduce energy subsidies
As part of a long-held government effort to cut energy subsidies and bring prices up to cost, the government this week announced further cuts in it subsidies of natural gas. Apache measures one of the highest test rates in Western Desert
Apache reported that the Phiops-5 appraisal well in Egypt's Western Desert tested 8,279 barrels of oil and 0.4 million cubic feet (MMcf) of natural gas per day from the Cretaceous Alam El Buieb (AEB) formation -- one of the highest test rates ever measured in the Western Desert. Egypt’s rig market revived
The Egyptian rig market has witnessed an active transaction processes with the beginning of this month; three petroleum companies finalized new rig renting agreements needed for their exploration and production operations. Egypt petroleum production up 7.14 PCT
Egypt's production of crude oil, condensates and biogas hit 2.955 million tons in April, up 7.14 percent from April 2008, according to figures published on Egypt’s Statistical Indicators website. Spectrum quadruples seismic processing capacity in Egypt
Spectrum's Egyptian joint venture, Spectrum-Geopex has completed the first phase of a significant computer systems upgrade at its seismic data processing centre in Nasr City, Cairo that will quadruple its seismic processing capacity. Egypt attracts $3.5 billion investments in five months
The Egyptian Petroleum Minister Eng. Sameh Fahmy said that in spite of the global financial meltdown, the oil sector succeeded to be a magnet for investments of major international companies seeking the exploration and development of the country’s oil and gas fields. 
