Nidoco West-7 Well Comes Online
Egypt's Nidoco West-7 well, in Nooros Fied, came online with production rates at 90 million standard cubic feet per day (mscf/d) of natural gas and 720,000 barrels per day (b/d) of condensates.
News / Egypt
Gasco Distributes 58 bcf Natural Gas in 2017
Egyptian Natural Gas Company (Gasco) successfully received and distributed 58 billion cubic feet of natural gas to different sectors of the local market during 2017.
Egypt, Italy Talk Investments
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Italian Ambassador to Egypt, Giampaolo Cantini, to discuss increasing possible cooperation and investments of Italian firms.
Egypt Signs Engineering Consulting Contract Phosphoric Acid Project
Enppi signed an engineering consulting contract with Fluor Corporation for the phosphoric acid production project, which is being implemented in Abu Tartour area at the New Valley governorate.
Eni to Increase Zohr Natural Gas Production
Italy’s Eni will increase natural gas production from Egypt’s Zohr field by 1.4-1.5 billion cubic feet per day (bcf/d) by the end of 2018.
Ethydco Sells 351,000 Tons of Polyethylene in 2017
The Egyptian Ethylene and Derivatives Company (Ethydco) sold 351,000 tons of polyethylene in 2017, 89,000 tons of which were sold in local markets.
Egypt Reviews Toyota’s Feasibility Study for Refining, Petrochemical Complex
The Egyptian Minister of Petroleum Tarek El Molla has discussed Toyota's feasibility study for establishing a refining and petrochemical complex in Suez with company officials.
Eni Sells 10% of Shorouk Concession
Italian oil and gas company Eni has agreed to sell 10% of its stakes in Egypt’s Shourouk offshore concession to UAE’s Mubadala Petroleum.
Egypt to Launch New Red Sea E&P Tenders for 2018
Egypt will open new bids for exploration and production activities in new areas of the Red Sea in 2018.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
