News / Egypt
El Molla Foresees Increase in Natural Gas Production
Egypt's Oil Minister, Tarek El Molla, said that the country will increase its natural gas production to between 5.5 and 6bcf/d by the end of 2019. Egypt currently produces 3.9bcf/d of natural gas.
SDX Energy’s North West Gemsa Well Flows Oil
SDX Energy, an international oil & gas exploration and production company with assets in Egypt and Cameroon, brings a new oil production well at the North West Gemsa concession of Egypt's Eastern Desert in operation.
President Inaugurates Misr Fertilizers Expansion
Egypt's President, Abdel Fattah Al Sisi, has inaugurated the expansion project of Misr Fertilizers Production Company (MOPCO) in Damietta, which will contribute to the plan to maximize the added value of the country’s natural gas.
Jordan to Boost Energy Cooperation with Algeria, Egypt, Palestine
Jordan signed multiple agreements with Algeria, Egypt, Palestine on energy investment and mineral resources exploration on hope of boosting co-operation in the growing sectors.
Israel, Egypt Expected to Compromise on Gas Deal
Israel and Egypt are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal for export of Israeli offshore gas to Egypt.
Siemens Places Gas Turbines at Beni Suef Power Plant
Siemens has placed first two of the four 400 MW H-class gas turbines at the Beni Suef power plant in Egypt.
Russia Loans Egypt $25b to Build Nuclear Power
Russia will loan Egypt $25b to finance building and operating a nuclear power plant in the country. Egypt's President, Abdel Fattah Al Sisi approved the loan, which would be paid off over 35 years.
Egypt to Settle $400m Dues to Shell, BG
Shell and British Gas (BG) have reached an agreement with the Egyptian Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the project in the Mediterranean.
