News / Egypt
Egypt to Reach Oil Self-sufficiency by 2018
Tarek El Molla stated that the ministry is targeting bringing 2.5bcf/d of gas online in the coming months.
Total to Drill at North Mahalla Concession by May
Total is set to start drilling the first exploration well in North Mahalla onshore concession in the beginning of May.
Egypt to Hire IPO Adviser
Egyptian authorities are in talks with local and international investment banks to be advisers for the IPO program.
EETC to Contract Al Fanar for Solar Projects
The Egyptian Electricity Transmission Company (EETC) will sign a power purchase agreement with Saudi Arabian Al Fanar Company.
Rockhopper Starts New Exploration Well in Egypt
Rockhopper Exploration and Kuwait Energy started drilling a new well in the Abu Sennan Concession.
President El Sisi Highlighted Egyptian-Saudi Relations
The Egyptian President, Abd El Fattah El Sisi, met with Saudi Arabian King Salman in Riyadh to preserve the security and stability of the Arab states and to combat attempts to drive a wedge between Arab allies. TAQA Petroleum to Supply Gas to EBSC
Taqa Petroleum Company agreed to provide 1300 cm/d of gas to the Egyptian Black Sand Company (EBSC) black sand separation plant located in Kafr Al-Sheikh.
Dana Gas Completes First International Condensate Sale in Egypt
UAE Dana Gas Company's first cargo consisted approximately 150,000 barrels of Wastani condensate and was loaded mid-April.
