The Egyptian government expects the current gas dispute with Israel to be settled through negotiations due to Egypt's importance as a terminal for Israeli gas exports.
GANOPE Chairman, Abu Bakr Ibrahim, told Egypt Oil & Gas that his company is preparing to announce the results of a seismic, magnetic, and aerial survey conducted by GDF Suez in its concession areas.
EGPC, EGAS, and GANOPE signed a letter of intent with the European Bank for Reconstruction and Development (EBRD) to finance a number of energy projects that the state is in need of, reported Egypt Oil & Gas.
The Egyptian Ministry of Electricity has trained 51 engineers from around Africa's Nile Basin as an effort to increase international cooperation on electricity issues.
The World Refining Association (WRA) announced in a press release that the Egypt Downstream Summit & Exhibition will take place on February the 15th, and will be held under the patronage of Tarek El Molla, Minister of Petroleum and Mineral Resource
EGAS notified energy intensive factories that they must reduce consumption by 15% from the contracted quantity due to the current low pressure of gas in the National Grid