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.
News / Egypt
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.
Enppi Appoints Legal Adviser Ahead of IPO
Engineering for the Petroleum & Process Industries (Enppi) has appointed Zaki Hashem & Partners law office to provide legal advice for its upcoming initial public offering (IPO).
Tharwa Petroleum to Drill in North Sinai’s Noor Concession
Tharwa Petroleum Company is waiting for official approval for exploration and production (E&P) in the Noor concession in order to start drilling work.
Egypt to Reach Petroleum Products Self-Sufficiency in 3 Years
Egypt will achieve self-sufficiency in petroleum products in three years, Egyptian Minister of Petroleum, Tarek El Molla, has announced.
SDX Energy to Abandon Kelvin-1X Well
SDX Energy has announced that Egypt's Kelvin-1X exploration well at South Disouq concession is non-commercial due to low gas saturation.
