Eni to Sell Faramid Gas to Petroleum Ministry
Eni has agreed to sell the natural gas produced by the Faramid well to the Egyptian Ministry of Petroleum for $2.60 per 1 million British thermal units (mbtu).
News / Egypt
Russia to Provide $45B Loan for Dabaa Nuclear Plant
Russian President Vladimir Putin has announced a loan to Egypt in order to finance the construction of Egypt's Dabaa nuclear power plant, which will be constructed by Russia's State Atomic Energy Corporation (Rosatom).
New Gas Well at WDDM Starts Production
Egypt has completed drilling the Simian DT natural gas well, the first well of the 9B phase at the West Delta Deep Marine (WDDM) project, and added the new well to production at a capacity of 20 million standard cubic feet per day (mmscf/d).
SDX, BP Terminate Acquisition Talks
SDX Energy Corporation announced the termination of the transaction that was aiming to acquire a part of BP's assets in Egypt.
Egypt Considers New Production Agreement Model
The Egyptian government is working on having a new exploration and production (E&P) contract model for future oil and natural gas operations in undeveloped areas.
United Energy to Increase Investments in Egypt
China’s United Energy Group is planning to launch new investments in Egypt, which will increase oil and gas production.
El Sisi Signs Law Amending East Bahariya E&P Agreement
Egyptian President Abdel Fattah El Sisi has signed into law legislation that allows Minister of Petroleum Tarek El Molla to sign an agreement with both the Egyptian General Petroleum Corporation (EGPC) and Apache East Bahariya Corporation LDC.
International Banking Consortium Lends EGPC $1B
The Egyptian General Petroleum Corporation (EGPC) has signed the final contract for a $1 billion loan with a consortium consisting of 13 international and Arab financial institutions.
ANOPC in Talks for EGP 1.2B Refinery Loan
Assiut National Oil Processing Company (ANOPC) is negotiating with local banks in order to obtain a EGP 1.2 billion loan to part-finance the construction of a mazut hydrogen cracking complex.
El Molla: Egypt to Give Up FSRU
One of Egypt's two Floating Storage Regasification Units (FSRUs) will leave the country before the end of the week following an agreement with Norwegian supplier Hoegh LNG.
