News / Egypt
Head of EDC: Company Balance Sheet Sits over $1 B
The Egyptian Drilling Company (EDC) possesses a positive balance sheet of over $1 billion, according to the company’s CEO.
Egypt Denies Importing LNG from Qatar
Egypt does not import liquefied natural gas (LNG) directly from Qatar and has not received LNG shipments from Qatar since the rule of former President Mohamed Morsi, according to an official in the Egyptian Ministry of Petroleum and Mineral Resources.
Saipem Awarded Zohr Contract
Belayim Petroleum Company (Petrobel) signed a $900-million contract with Saipem to execute the engineering, procurement, construction and installation (EPCI) activities for the Zohr field's optimized-ramp-up phase.
El Molla Checks HSE Plans in Al Hamra Port
Tarek El Molla, Minister of Petroleum and Mineral Resources, visited El Hamra Port in El Alamein to monitor its implementation of health, safety, and environment standards (HSE).
Gas Output Expected to Reach 6.2 Bcf/d by June 2018
Egypt's gas production is expected to reach 6.2 billion cubic feet per day (cf/d) by the end of the fical year next June. Egypt Has LNG Requests Rejected by Qatar
The Gulf country provides around 60% of Egypt's LNG imports, but trade relations have been shaken since sanctions against Doha were imposed by Egypt and the Gulf Cooperation Council (GCC).
Egyptian Refineries Secure 50% of Butane Consumption
Butane production at Egyptian refineries surpasses 2.2 million tons per year, which secures 50% of total butane local consumption.
El Molla to Attend Schlumberger Technical Training Graduation
Minister of Petroleum and Minister of Manpower will attend the graduation ceremony of the first batch, consisting of 100 trainees, of the training program provided to technicians. 
