Apex Invests $46M in Western Desert
Apex International Energy is investing approximately $46 million in its concessions in the Western Desert.
Apex International Energy is investing approximately $46 million in its concessions in the Western Desert.
The Egyptian Natural Gas Holding Company (EGAS) plans to increase natural gas production by around 27%, or 1.4 billion cubic feet per day (bcf/d), to reach 6.5 bcf/d by June 2018.
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
The Canadian ambassador invited the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, to attend the Global Petroleum Show in Canada next year
Egypt is currently consuming around 6 billion cubic feet per day (bcf/d) of natural gas.
Rosneft is considering the purchase of an additional 5% stake in the Zohr gas field.
The Egyptian Natural Gas Holding Company (EGAS) launched a tender to buy 12 shipments of liquefied natural gas (LNG) to be delivered during the first quarter of 2018.
Shell Lubricants Egypt hosted a two-day conference to discuss the challenges facing the construction sector.
The Ministry of Petroleum and Mineral Resources spent between $2.2 billion and $2.4 billion on liquefied natural gas (LNG) imports during fiscal year (FY) 2016/2017.
A number of Egyptian firms participated in the Kuwait Oil & Gas Show and Conference (KOGS 2017).