News / Egypt

Global Connect Bought Stake in Abu Sennan Concession

Kuwait Energy announced signed a Farm-Out Agreement (FOA) for 25% participating interest in the Abu Sennan concession.

Sino Tharwa to Market Seismic Services

Sino Tharwa contracted with China's Sinopec Star Petroleum Company to become its Seismic Marketing Agency in Egypt.

Egypt to Lift Butane Subsidies by 2019

Egypt will lift subsidies on butane bottles by 2019 after applying butane coupons.

Egypt to Halt Diesel, Mazut Supplies to Power Plants

Egypt to stop pumping diesel and mazut to electricity power plants.

Egypt to Fuel Industries with Coal

Egypt will generalize the usage of coal in manufacturing as an alternative to natural gas starting May 2017.

EGAS to Pump 500mcf/d of Gas to Factories

The Egyptian Natural Gas Holding Company (EGAS) will pump 500mcf/d of gas to factories during January 2017.

Dana Gas to Drill New Wells

Tarek El Molla, met with Dana Gas to review plans for its joint venture El Wastani Petroleum Company (WASCO) to drill new wells to be added to production, as well as linking existing wells from Balsam field to production.

Egypt to Pay for Halted Fuel Cargoes

The Egyptian Ministry of Petroleum and Mineral Resources will receive $250m from the Ministry of Finance within January to pay dues of fuel providers to be able to import more fuel and release any cargo held in the Egyptian Ports.

Egypt to Import Fuel from UAE

Egypt is negotiating with the United Arab Emirates (UAE) to import petroleum derivatives such as benzene, diesel, and butane.

Egypt Delayed Fuel Price Hikes

Egypt, led by Prime MinisterSherif Ismail, decided to delay increasing fuel prices to May 2017. This came in hopes to linking the price hikes to the generalization of the third phase of fuel smart cards across the country.

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