Dana Gas to Begin Exploratory Drilling in North Arish Concession
Dana Gas will start drilling the first exploratory well at Block 6 of the Mediterranean North Arish concession before the end of 2018.
News / Egypt
Egypt Repays $40M to Dana Gas
Dana Gas has announced receiving $40 million from the Egyptian government.
Egypt’s Natural Gas Production Increases by 20.5% YoY
Egypt’s production of natural gas increased by around 20.64% year-on-year (YoY), reaching 3.437 million tons in March 2018 compared to 2.849 million tons in March 2017.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Apex Signs $15M Western Desert Agreements
Apex International Energy has signed $15 million worth of agreements for 3D seismic acquisition services and long-lead well equipment to develop its concessions in Egypt’s Western Desert.
Siemens Completes Beni Suef Power Plant
Siemens has completed the construction of the 4800 MW power plant in Beni Suef, and has conducted performance testing.
EL Sayed Ismail Appointed New Head of Petrosalam
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has appointed El Sayed Abdel Rahman Ismail as the new head of the Petrosalam Petroleum Company.
EGPC to Borrow $850M to Repay IOC Debts
The Egyptian Ministry of Finance approved issuing local currency guarantees for two loans to help the Egyptian General Petroleum Corporation (EGPC) repay debts owed to international oil companies (IOCs).
Egyptian Petroleum Products Consumption Falls 16% YoY
Egypt’s consumption of petroleum products fell by 15.97% year-on-year (YoY) to reach 2.815 million tons in March 2018, compared to 3.35 million tons in March 2018.
El Molla Meets with Dana Gas CEO
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Dana gas CEO, Patrick Allman-Ward, to discuss the company’s natural gas development and production projects in its onshore concession in the Nile Delta.
