News / Egypt
British Gas to inject US$5 billion in investments
Petroleum Minister Osama Kamal on Tuesday said British Gas is injecting US$3 billion to US$5 billion into development projects in Egypt, in addition to its current investments that amount to US$10 billion. Egypt Has No Objection to Importing Iranian Oil
Egypt has ''no objection'' to importing and refining Iranian oil, the state-run Al-Ahram reported, citing Oil Minister Osama Kamal. BP to begin $10 billion Egyptian gas project
Energy giant BP will begin works on a deep-water natural gas production project in Egypt's Mediterranean basin next week, according to a report on Al-Ahram's Arabic-language news website. New Heads Appointed for Petroleum Companies
The Ministry of Petroleum and Mineral resources has revealed the names of those newly appointed to head petroleum companies, based on the decision of minister of petroleum Eng. Osama Kamal. The appointments come as senior officials begin to reach retirement age, and as part of the minister's initiative to begin integrating young personnel into the sector. Foster Wheeler Signs Three-Year Upstream Consultancy Framework Agreement with Apache Khalda
Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has signed a three-year framework agreement with Apache Khalda Corporation LDC for the provision of consultancy services. RWE Expands Nile Delta Gas Discovery
RWE DEA has announced the extension of its North Sidi Ghazy-1x discovery in the Nile Delta through the drilling of the NSG-1-2 developmental well. BP, IEOC make Nile Delta shallow gas discoveries
BP Egypt has made two shallow gas discoveries on the North El Burg concession offshore on Egypt's Nile Delta. Beirut Fund Invests $20 in Egypt-based Energy Firm
Capital Trust Group said its EuroMena II fund invested $20 million to increase the capital of Sakson Petroleum Services Holding S.A.L., an Egypt-based provider of oil and natural-gas drilling services. 
