News / Egypt

Oil Minister: Egypt Witnesses Balance amid Oil Prices Decline

Tarek El Molla, Minister of Petroleum and Mineral Resources, said that Egypt is witnessing a state of balance with regard to dwindling global oil prices. Although this decline in oil prices may slow down the flow of foreign investments, a number of agreements for the development of gas fields were signed.

EGAS Mulls Renting Gasification Ship

The Egyptian Natural Gas Holding Company (EGAS) plans to rent a gasification ship located in Jordan with a capacity of 500mcf/d of gas and to host it in a private port controlled by SUMED in Ain Sokhna in 2017.

Circle Oil Completed North West Gemsa Drilling

Circle Oil plc, the international oil and gas exploration, development, and production company announced that the 2016 infill drilling campaign on the North West Gemsa field in Egypt has been completed.

Sisi: Nuclear Power to Boost Energy Generation

Egypt's President, Abdel Fattah El Sisi, asserted that nuclear energy plays a vital strategic role for the country in terms of increasing its power generation capacity necessary for accomplishing social and economic development plans.

EGPC Announced International Bid Rounds

The Egyptian General Petroleum Corporation (EGPC) announced launching a new international bid round for 2016 for oil research and exploration, according to a press release received by Egypt Oil&Gas.

Egypt’s Gas Production Levels Rose to 300mcf/d

Ministry of Petroleum and Mineral Resources has released a report, which stated that placing four Nidoco exploratory wells on production line in the Abu Madi West license zone, in the Nile Delta, has increased country's overall output levels to more than 300mcf/d of natural gas and 300,000bl/d of condensates.

Egypt Seeking to Boost Refining Capacities

Egyptian firms are planning to expand their refining capacity and boost output of petroleum products, companies' representatives stated at the Thirds Annual Energy Conference - Energy and Sustainable Development.

Lekela Power to Begin Solar Plant Construction in Banban

Lekela Power will begin construction of a solar energy plant with a 50 MW capacity in Banban, Aswan with $90m investments.

Kaco New Energy Plans $500m Solar Investment in Egypt

Germany's Kaco New Energy plans to boost investments in the Egyptian market by $500m in the next four years.

Minister Calls for Concerted Efforts in Oil&Gas Industry

Speaking at the Annual Energy Conference on behalf of Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, First Undersecretary at the Oil Ministry, Mohamed Tahir, said that the development of primary energy resources require the concerted efforts of all producers and consumers.

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