News / Egypt
Oil Ministry Confirms BG’s West Delta Deep Marine Commitment
An official at the Ministry of Petroleum denied reports that gas company BG had halted production and development of two stages of its offshore West Delta Deep Marine project.
Egypt Signs Five-Year Oil Deal With Riyadh
Egypt signed an agreement with Saudi Arabia, under which the North African nation will meet its needs of oil products for five years, according to the Egyptian International Cooperation Ministry.
Egypt’s $3.1b Debt to Foreign Partners to Be Paid Off in EGP
Engineer Mohamed Al Masry, Head of the Egyptian General Petroleum Corporation (EGPC), said that Egypt's financial debts to foreign partners amount to $3.1b, which the government will continue paying off.
EGAS Processes Applications for Gas Imports
The Egyptian Natural Gas Holding Company (EGAS) has received applications from four companies seeking to import natural gas to supply to the domestic market through the national grid.
Enppi Announces 19% Increase in Profits
Enppi's Chairman and CEO, Engineer Imam El-Said, announced that the company's profits have increased in 2015 by 19% to reach EGP 570m in comparison to the year before.
GPC Launches Gas Flare Reduction Project Worth $127m
The General Petroleum Company (GPC) has started procedures to implement a project concerned with the treatment of harmful emissions in the eastern desert fields with an investment worth $127m.
Eni Plans $14b in Cost Cuts, Asset Sales
Eni plans to cut investments and sell down stakes to help it prop up dividends. Company's CEO said the disposals will be mainly through the dilution of stakes in recent discoveries, picking out gas fields in Mozambique and Egypt as prime candidates.
SDX Begins Seismic Program on Egypt’s South Disouq Asset
SDX Energy Inc. has announced that work has begun on the seismic acquisition of 300km2 of 3D data on the South Disouq concession (SDX 55% WI), located onshore Nile Delta Egypt.
