TransGlobe Starts Drilling SGZ 6X Well in Western Desert
TransGlobe Energy Corporation announced that it started drilling the second exploratory oil well, SGZ 6X, in the Western Desert South Ghazalat concession on October 23.
News / Egypt
Egypt to Offer First E&P Bid Round for Red Sea
Egypt will launch the first oil and gas exploration and production (E&P) bid round in the Red Sea before the end of 2018 upon seismic reflection data processing.
Egypt, US Trade Exchange Worth $5.6B in 2017
The volume of trade exchange between Egypt and the US reached $5.6 billion in 2017, recording the top trade exchange in Africa, and the sixth highest trade exchange volume in the Middle East.
BWE to Invest in Apex Energy
Blue Water Energy (BWE) has announced that it will invest in independent oil and gas exploration and production (E&P) company Apex International Energy.
Egypt Spends Over $1.5B on Petroleum Products
Egypt spends over $1.5 billion monthly to secure local demand for petroleum products.
ExxonMobil Signs LNG Framework Agreement with China’s Zhejiang
ExxonMobil signed a framework agreement with China's Zhejiang Energy on October 18 for the Chinese firm to supply liquefied natural gas (LNG) for ExxonMobil.
Egypt to Boost Annual Refining Capacity to 42M tons in 2019
The Egyptian General Petroleum Corporation (EGPC) plans to increase the capacity of national refineries to exceed 42 million tons per year starting 2019.
Enppi, Petrojet Complete 60% of Gas Expansion Project in Jordan
Egyptian engineering, construction, and procurement (EPC) company Enppi and Egyptian petroleum company Petrojet have completed 60% of their natural gas network expansion project in Jordan.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Hoegh Gallant FSRU Leaves Egypt
Hoegh Gallant floating storage regasification unit (FSRU) left Egyptian coast heading to the U.S. Sabine Pass production facility.
