Egypt to Halt LNG Imports by End of June
Egypt intends to stop importing liquefied natural gas (LNG) by the end of fiscal year (FY) 2017/2018, which ends late June 2018, according to Minister of Petroleum, Tarek El Molla.
News / Egypt
Ganope’s Production Plan to Reach 8.9 M Barrels
South Valley Egyptian Petroleum Holding Company (Ganope) plans to produce 8.9 million barrels of oil during FY 2018/2019.
IMF Recommends Further Cuts of Fuel Subsidies
The International Monetary Fund (IMF) believes that gas subsidies benefit mainly the rich, advising the Egyptian government to allow fuel prices to change in line with costs.
Ganope Surveys 4,200 km of Red Sea Water to Attract Investors
South Valley Egyptian Petroleum Holding Company (Ganope) surveyed 4,200 km of Red Sea water out of 10,000 km, in addition to other areas in Upper Egypt.
Egypt to Receive 12 M barrels of Iraqi Crude in 2018
Egypt will receive 12 million barrels of Iraqi crude oil throughout 2018, starting this January.
EGAS to Boost Gas Production to 7 bcf/d by End of 2018/2019
EGAS plans to drill and develop natural gas fields in the Mediterranean Sea in order to boost production to around 6 billion cubic feet per day (bcf/d) by the end of fiscal year (FY) 2017/2018, which will gradually increase to 7 bcf/d of natural gas by the end of FY 2018/2019.
Companies Compete for Siemens Power Stations Operation, Maintenance
Eight companies and coalitions proposed their offers for a governmental tender on operation and maintenance of Siemens power stations in Beni Suef, the New Cairo Capital, and Burullus.
Sidpec Expansion to Be Implemented over Two Phases
ECHEM announced that Sidi Kerir “Sidpec” expansion in Alexandria will be implemented over two phases with $1.7 billion investments.
Egypt Pays $200 M in IOC Arrears, to Pay Additional $550 M by March
Egypt paied $200 million out of total $2.4 billion in arrears owed to foreign oil companies in January.
El Molla, Key Market Players to Attend the Upstream Technical Convention
Egypt Oil & Gas Publication and Egypt Oil & Gas Technical Committee are proud to announce the Upstream Technical Convention, an event held under the High Patronage of H.E. Eng. Tarek El Molla, Egypt’s Minister of Petroleum and Mineral Resources.
