News / Egypt

MEES: Cronos Gas to be Transmitted to Damietta via Zohr Line Skipping National Grid

Egypt and Cyprus have sealed a set of landmark commercial agreements, marking a decisive step toward the project’s Final Investment Decision (FID), which is expected in the next few months. The deals allow natural gas from Cyprus to be processed and exported through Egypt’s liquefied natural gas (LNG) facilities, reinforcing the latter’s role as the Eastern Mediterranean’s regional gas hub. The HTPA regulates the movement of Cronos gas through Zohr’s offshore infrastructure, using one of the two 30-inch Zohr pipelines. The natural gas will then be processed at Zohr’s onshore facilities before being transported through a new pipeline to the 5mn t/y LNG plant at Damietta, operated by Eni (50%). This route allows the gas to bypass Egypt’s national grid entirely.

Egypt, Qatar Discuss Expanding Oil, Gas Partnership at GECF

On the sidelines of the Ministerial Meeting of the Gas Exporting Countries Forum (GECF) in Doha, Karim Badawi, Minister of Petroleum and Mineral Resources, met a number of senior Qatari officials to discuss incentives adopted by Egypt's petroleum sector to attract more foreign investments in gas exploration activities.

The Qatari officials include  Mohammed bin Abdulrahman Al Thani, Qatari Prime Minister and Minister of Foreign Affairs and Saad Al-Kaabi, Qatari Minister of State for Energy Affairs and President and chief executive officer (CEO) of QatarEnergy.

Wadico Launches Eco-Friendly Phosphate Production Facility

The New Valley Company for Mineral Resources and Oil Clay (Wadico) has inaugurated two projects aimed at enhancing phosphate production efficiency and improving its work environment. The first project is the company's first ore production line, which employs modern technology to increase the quality of the phosphate produced while operating under environmentally friendly methods. The second project is an accommodation camp for workers, which reflects the company's commitment to achieving the highest standards of safety and sustainability at its Upper Egypt sites.

Amgad Abdel Razek Ghoneim, Wadico’s Chairman, confirmed that the new phosphate production line operates with a PLC automated control system. It boasts a production capacity of up to 600,000 tons per year. Ghoneim added that the line features advanced technologies for limiting pollution and preserving the health of workers and the surrounding environment.

Badawi: Domestic Natural Gas Production Sees its First Increase in 3 years in August

Karim Badawi, the Minister of Petroleum and Mineral Resources, stated that Egypt’s natural gas sector has returned to achieving positive results after years of challenges, at the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF), held on Monday in Doha under Libya’s presidency. Leading the Egyptian delegation at the forum, the minister added that domestic gas production recorded its first increase in three years last August, driven by a new operational strategy, structural reforms, and incentive measures that restored investor confidence.

Madbouly: Local Fuel Prices are not Solely Determined by International Rates

Prime Minister, Mostafa Madbouly, issued on Wednesday a statement clarifying that Egypt’s fuel pricing is not tied solely to Brent crude, but rather a complex set of factors that go into determining local prices, including local production costs and the arrears owed and paid to International Oil Companies (IOCs). "The challenge is that for fuel prices in Egypt, we began from a very low pricing base, and during both the COVID-19 pandemic and the Russia–Ukraine crisis, we chose not to raise prices. The state shouldered huge financial burdens to maintain price stability, covering them through loans in the hope that those crises would be short-lived,” said Madbouly. He explained that this created mounting pressure on the Egyptian General Petroleum Corporation (EGPC) that ended up carrying massive financial liabilities. "Therefore, we had to start adjusting fuel prices gradually to help EGPC regain part of its balance and sustainability so it can continue operating effectively," he added.

SCA, Anchorage Partner to Develop $6Bn Petrochemicals Complex at Ain Sokhna

The Suez Canal Authority (SCA) has signed an agreement with Anchorage Investments, an Egyptian company specialized in investing in and operating companies in the mining and petrochemical sectors,  to establish a major petrochemical complex with investments of over $6 billion in Ain Sokhna. 

The complex will be built in two phases. The first, worth over $2 billion in investments, will produce polypropylene as a main product and hydrogen as a byproduct. The second phase, with investments of $4.5 billion, will produce other petrochemical products and complementary industrial units focused on exports and sustainability.

Limited Administrative Reshuffles in Egypt’s Petroleum Companies

Karim Badawi, Minister of Petroleum and Mineral Resources, issued a new round of transfers and appointments in the departments of administrative affairs at several petroleum companies. The move aims to support leadership positions with diverse competencies and expertise and contribute to achieving the Ministry's objectives.

Meleiha Workshop Wraps Up Technical Series Ahead of EOG 2025 Convention

Meleiha Base, located onshore in the Western Desert, hosted a two-day technical workshop where field engineers from various operators in the region came together to exchange experiences, discuss operational challenges, and explore ways to enhance efficiency and safety.

This workshop, held on October 6th and 7th, was the third and final in a series of technical sessions organized as part of the Egypt Oil & Gas Group’s 11th Convention, scheduled for December 1st. The series was held in collaboration with the Egyptian General Petroleum Corporation (EGPC).

The workshops were designed to strengthen professional ties and foster cooperation among companies operating in Egypt’s oil and gas sector. The outcomes and insights from all three workshops will contribute to shaping the dialogue and direction of Egypt’s upstream sector during the upcoming convention.

Egypt Exports 150,000 Cubic Meters of LNG to Türkiye

Egypt has exported 150,000 cubic meters of Liquefied Natural Gas (LNG) from Idku liquefication plant to Türkiye , on board the LNG ENDURANCE tanker operated by France's TotalEnergies, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). 

The shipment follows another carrying of 155,000 cubic meters of LNG that left the Idku plant for Italy last week. That gas was transported onboard the New NATURE tanker, which is operated by Shell International.

Egypt Makes Two New Gas Discoveries Onshore Nile Delta, First in 2 years

Egypt witnessed a series of new oil and natural gas discoveries in the Nile Delta, Western Desert, and Eastern Desert, adding over 5,000 barrels per day (bbl/d) of oil and 42 million standard cubic feet of gas per day (mmscf/d).

In the onshore Nile Delta region, two natural gas discoveries were made,  the first in two years. The first was made by Harbour Energy through Disouq Petroleum Company (DISOUCO) after drilling the  North Sidi Ghazy 1-9 exploration well. The second was made by the UAE’s Dana Gas through El Wastani Petroleum Company (WASCO) in the West Qantara area from the Salma Delta-6 well. Both discoveries are being prepared for production with a combined estimated output of 19 mmscf/d of gas. 

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