News / Egypt

Methanex to Sell a 10% Equity Share in Its Egyptian Joint Venture

Methanex Corporation has agreed to sell an approximate 10% equity share in Egyptian Methanex Methanol Company S.A.E. (EMethanex) to Arab Petroleum Investments Corporation (APICORP) for $110 million.

BG Says Tunisia More Reliable Than Egypt to Gas Producers

Tunisia is proving a more reliable place to produce natural gas than Egypt as the smallest nation on the North African coast pays its fuel bills on time, a BG Group Plc (BG) executive said.

TransGlobe Energy Corporation Announces New Concessions Ratified in Egypt

TransGlobe Energy Corporation is pleased to announce the ratification of four new Production Sharing Concessions in Egypt.

New gas discovery in North Damietta

BP Egypt announced on Saturday a significant gas discovery in Salamat well which is the first well in the North Damietta Offshore Concession granted in February 2010 and operated by BP.

TransGlobe Announces North Dabaa New Oil Discovery

TransGlobe Energy Corporation is pleased to announce a successful Jurassic gas-condensate test in the Western Desert at North Dabaa 1X.

Egypt says preparing timetable for energy debts

Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies to encourage them to continue investing in the country, the Petroleum Ministry said on Sunday.

Apache to Receive $3.1 Billion in Exchange For 33 Percent Interest in Apache Egypt

Apache Corporationand Sinopec International Petroleum Exploration and Production Corporation announced they have launched a global strategic partnership to pursue joint upstream oil and gas projects.

Dana Gas Egypt Production reaches 200 million scfd

Dana Gas, the Middle East's leading regional private sector natural gas Company, announces that it has achieved gas production level in Egypt of 200 million standard cubic feet per day, the highest level for the company in the country in 2 years.

Kuwait Energy finds more Egyptian oil

Kuwait Energy has found more oil and gas in a new zone at its El Salmiya-2 well on the Abu Sennan concession in Egypt's Western Desert.

Mr. Tarek al-Molla is the new EGPC Chairman

Egypt has appointed Tarek al-Molla as chairman of state-run Egyptian General Petroleum Corp (EGPC), the Oil Ministry said, a move that is likely to encourage foreign oil companies operating there.

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