News / Egypt

EGPC signing a new loan

The Egyptian General Petroleum Corporation (EGPC) announced that it inked a 2 billion Egyptian pounds loan with 17 public and private banks, aiming to fund its own ongoing operations.

Siemens sponsors Enppi football club

Siemens announced yesterday in a press conference held at Fairmont Towers Heliopolis the sponsorship signature of Enppi football club.

Egypt strike for Kuwait Energy

Kuwait Energy announced that it discovered a new oilfield in the Egyptian western desert, Borg El Arab field is considered the company's fifth consecutive discovery since last year.

Sameh Fahmy: more investments in Tharwa, Tharwa-Breda and OGS

Eng. Sameh Fahmy, the minister of petroleum, stressed on the importance of the continuous work to increase the financial profit from oil resources industry, and he encouraged the Egyptian companies to invest more in the search and exploration for oil and gas

Sea Dragon announces the signing of an Alliance Agreement with Tanmia Petroleum Company.

Sea Dragon Energy Inc. is pleased to announce it has entered into an Alliance Agreement with Tanmia Petroleum Company (TPC), an company incorporated in Egypt and owned one hundred percent by the Egyptian General Petroleum Corporation (EGPC).

Dana Gas announces two gas discoveries in Egypt

Dana Gas PJSC, the Middle East's first and largest regional private sector natural gas company, has announced two gas discoveries in the Nile Delta, Egypt .

Expectations for promotions within the sector

Egypt Oil and Gas (EOG) knew that there will be another movement of promotions within the Egyptian Petroleum sector in the coming week. The movement will witness interchanges for figures inside the domestic petroleum sector as well as promotions for others.

EGPC to cut down the value of the loan

Banks alliances, which submitted offers to win the Egyptian General Petroleum Corporation's bid for the $ 2 billion loan, said it will soon announce the winning coalition during this month, according to a source close to the banks.

BG: more investments in Egypt

"Egypt's oil and gas sector is full of many promising investment opportunities, which is one of the most important factors for attracting international companies," said the Egyptian Minister of Petroleum, Eng. Sameh Fahmy.

Halliburton eyeing Weatherford

The rumor is out there but yet with no confirmation! Halliburton may have reasons to be eyeing Weatherford International Inc.

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