News / Egypt
Apache Uncovered 7 New Oil,Gas Discoveries in Egypt
Egypt's Khalda Petroleum Company (Apache) uncovered 7 new oil and gas discoveries in the country's Western Desert area during fiscal year 2015/2016, in addition to drilling 50 new wells and completing work on 191 wells.
Egypt to Produce Biogas in Minya
Egypt established its first animal manure to biogas project in Bertbat, Maghagha, in Minya governorate.
Egypt Secured $6b IMF Funding Requirement
Egypt has managed to primarily secure the additional funding required to proceed in the International Monetary Fund (IMF) loan. Efforts exerted by both the CBE and Egyptian government resulted into securing the requested financing package of $6b.
EGPC to Buy 202,000 Tons of LNG
The Egyptian General Petroleum Corporation (EGPC) seeks to buy 202,000 tons of LNG to be received by October
Egypt Lowers FiT Power Rates
Egypt's government has dropped the purchasing prices for electricity in the second phase of the country's Feed-in Tariff (FiT) program from $0.1432, the rate used in first phase, to $0.084.
Egypt, Shell Agreed on Gas Re-pricing for Burulus Field
The Egyptian Ministry of Petroleum and Mineral Resources agreed with Royal Dutch Shell Petroleum Company to re-price gas produced in phase 9C from Burulus field to be the same pricing as 9B phase gas, ranging between $2.5 and $5.88 per thermal unit.
El Molla Talks Petroleum Projects with UK’s Ambassador
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, meets British Ambassador in Egypt, John Casson, to discuss bilateral cooperation in oil and gas.
Al-Jahra SE-1X Oil Well Starts Production
The production of Al-Jahra SE-1X oil well located in Abu Sennan concession in Egypt's Western Desert starts
