News / Egypt
Egypt’s oil production booms to 1.8 million bpd
Egypt's total production of crude oil, condensates and natural gas has increased to 1.8 million equivalent barrels per day in 2008/2009 compared to 690 barrels per day in 1981/1982, Minister of Petroleum Eng. Sameh Fahmy said. Administrative Court Upholds Ruling Stopping Gas Export to Israel
The Administrative Supreme Court's State Commissioners Body has upheld the Administrative Judiciary Court's previous ruling canceling the government's decision to export the Egyptian "subsidized" natural gas to a number of foreign countries, including Israel. Transocean cold stacks rig after Petrobel termination
Petrobel, an Egyptian oil company jointly owned by the Egyptian General Petroleum Corp. and Eni, has terminated its contract for Transocean jackup GSF Key Singapore. Transocean is challenging the validity of this termination. Vegas O&G, Circle Oil start up oil production in Egypt
Circle Oil has announced its first oil production in Egypt. Having obtained the necessary agreements from the Egyptian General Petroleum Corporation (EGPC) and completed the required production engineering facilities, initial production commenced in the Al Amir Development Lease area in the NW Gemsa Permit in the last few days. Circle Oil announces first oil production in Egypt
Circle Oil plc, the AIM listed international oil and gas exploration, development and production company announces its first oil production in Egypt. Having obtained the necessary agreements from the Egyptian General Petroleum Company (EGPC) and completed the required production engineering facilities, initial production commenced in the Al Amir Development Lease area in the NW Gemsa Permit in the last few days. Egypt, Israel negotiate gas export prices
In a new step for the controversial Egypt-Israel gas deal, negotiations were held to amend the price of the Egyptian gas exported to Israel to cope with the international ones, according to the Yediot Achronot Newspaper. Maridive rises on dollar hopes, Egypt index up
Maridive & Oil Services posted its sharpest single-day gain in almost two weeks on Monday, lifting Egypt's index as investors bought its US dollar-denominated shares on hopes the dollar would gain. Sea Dragon eyes producing concession in Gulf of Suez
Sea Dragon has entered into a letter of intent for an exclusive period with Dover Investments Limited to acquire, subject to applicable governmental approvals, the Ras El Ush concession which is situated in the Gulf of Suez, Egypt. 
