SDX Provide Successful Natural Gas Flow Rate at Sobhi Well
SDX Energy company announced that it provided a successful flow rate test of natural gas at Sobhi well on the South Disouq exploration permit, in Egypt’s onshore Nile Delta.
News / Egypt
Sinai Gas Delivers Natural Gas to Nabaq Bay
Sinai Gas is now delivering natural gas to Nabaq Bay in Sharm El-Sheikh with 90% completion of the project and an investment of EGP 250 million.
Damietta Liquefication Plant Agreement Expires
The agreement conducted between Eni, the Egyptian Natural gas Natural Gas Holding Company (EGAS), and the Spanish company Naturgy to settle the disputes related to operating the Damietta liquefaction plant in Egypt has expired.
Dana Gas to Pay $397 MM of Outstanding Sukuk
Dana Gas’s proceeds from selling its Egypt assets will go towards paying $397 million of outstanding Sukuk.
Petrojet Finalizes Drilling Ahmed Hamdy Tunnel 2
President Abdel Fattah El Sisi has witnessed the ending of the drilling operations of Ahmed Hamdy Tunnel 2 implemented by Petrojet under the Suez Canal.
Egypt To Cut Petroleum Products Subsidies by 47%
The Ministry of Finance is cutting subsidies of petroleum products in the new draft budget project for fiscal year (FY) 2020/2021 by nearly 47%.
GasReg Studies Operation Code for Natural Gas Transportation
The Gas Regulatory Authority (GasReg) has discussed and showcased the operation code of the natural gas transportation system which will be applied as a main mechanism to regulate natural gas trade, create a competitive market, and establish the principles unifying the entities operating in the market.
First Trial for Transporting Natural Gas by Tankers to Be Launched
The Chairman of Saad El-Din Group and the chairman of Liquefied Petroleum Gas (LPG) Investors Association, stated that the association is preparing for the first trial of transporting natural gas via tankers for the first time in Egypt during the ongoing week before the end of April 2020.
Al-Sukari Produces 125,090 Ounces of Gold in Q1 2020
Centamin has produced 125,090 ounces of Gold from Al-Sukari goldmine with gross revenue of $222.2 million during Q1 2020.
Petroleum Ministry: Egypt Not Affected By Oil Prices’ Collapse
The Spokesman of the Minister of Petroleum and Mineral Resources, Hamdy Abdel Aziz, said that the drop of American oil prices will not affect Egypt at all and it is related to US.
