News / Egypt

KNOC gets nod from regulators on Dana

The Korea National Oil Corporation has won permission from all the necessary national regulators for its attempted £1.87bn hostile takeover of Dana Petroleum.

Circle Oil announces African progress

UK-based Circle Oil recorded its first operating profit during the first six months of the year on the back of increased production from its North-West Gemsa permit in Egypt.

Egypt to start production at 12 gas fields in 2010/2011

Egypt's petroleum ministry has decided to start production from 12 natural gas fields in 2010/2011 in order to meet growing domestic demand for natural gas, pan-Arab Asharq Al Awsat daily reports.

Sea Dragon provides an operational update on Egypt

Sea Dragon Energy Inc. provided the following update on its Operations in Egypt in Kom Ombo and NW Gemsa concessions

BGP Wins First Egypt Contract

BGP was awarded a gravity survey project by Geofizyka Krakow at Bahariya Block in Egypt.

Circle Oil says Egyptian well oil bearing

Oil and gas explorer Circle Oil Plc said its Egyptian well Al Ola-1X was oil bearing with no sign of oil-water contact (OWC).

Egypt protects water stations from Nile oil spill

Authorities have blocked off water purification stations along the Nile in southern Egypt to prevent some 100 tons of diesel oil that leaked from a barge from polluting drinking water, officials said.

Egypt FDI slips 16 pct as oil investment dips

Foreign direct investment in Egypt fell 16 percent for the fiscal year 2009/10, pulled lower by slowing inflows to the oil and gas sector, the Investment Ministry said.

Egypt, China eye joint oil services firm

Egypt is studying setting up a company with China Petroleum & Chemical Corp (Sinopec) to provide oil services in Egypt, the Middle East and Africa, Egypt's state news agency cited its oil minister as saying.

Egypt supporting oil, gas exploration to lure foreign investments

Egypt Petroleum Minister Sameh Fahmy highlighted the importance of supporting oil and gas exploration works. Fahmy went on to say that it is necessary to lure foreign investments to maximize opportunities in a dynamic energy market.

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