GUPCO Crude Production Hits 71,000 b/d in FY 2017/18
The Gulf of Suez Petroleum Company's (GUPCO) produced an average of 71,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2017/18 from its field in the Gulf of Suez.
News / Egypt
Egypt to Pay Union Fenosa $2B in Gas Dispute
Egypt will pay $2 billion to Union Fenosa Gas Company as a settlement for halting gas supplies to the company’s Damietta LNG plant in 2012.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Eni Makes New Gas Discovery in Egypt’s Western Desert
Eni has announced a new natural gas discovery in Egypt's Western Desert.
Schlumberger Discusses Seismic Survey Developments with El Molla
Schlumberger officials have updated the government about the recent developments regarding the company’s seismic surveys in the Red Sea and Gulf of Suez.
Sisi Discusses Energy Sector Cooperation with Italian Deputy PM
Egyptian President Abdel Fattah El-Sisi and Italian Deputy Prime Minister Luigi Di Maio discussed energy sector cooperation during a meeting on August 29.
Domestic Butane Production Covers More Than 50% of Egypt’s Needs
Domestics production of butane covers almost 50% of the market’s needs.
Egypt PM Meets Eni CEO
Prime Minister Mostafa Madbouly discussed Italian oil major Eni's Egyptian investments with company CEO Claudio Descalzi on August 28.
Natural Gas Accounts for 20-40% of Industrial Product Costs
Natural gas accounts for between 20% and 40% of the total cost needed to produce industrial products.
Shell Discussing Pumping Gas to Eni’s Processing Plant
Royal Dutch Shell is discussing pumping 23 million cubic feet (mcf) of gas from its Faramid well in the Western Desert to Eni’s gas processing plant in Obayed.
