Subsea 7 Awarded Offshore Gas Infrastructure Contract in Egypt

• Friday, 26th February 2016
• by Egypt Oil & Gas

Danish engineering company, Subsea 7, was awarded a major contract to help BP develop three gas fields, including laying export lines, off the coast of Egypt - Giza, Fayoum, and Raven subsea fields offshore Alexandria.

Egypt Negotiates $7.5b Electricity Investments

• Thursday, 25th February 2016
• by Egypt Oil & Gas

The Ministry of Electricity and Renewable Energy is holding talks with three foreign energy companies about $7.5b worth of contracts to add 6,750 MW to Egypt’s electrical grid.

EGA Holds Roundtable Headed by Minister of Petroleum

• Wednesday, 24th February 2016
• by Egypt Oil & Gas

On the 23rd of February, the Egyptian Gas Association (EGA) held it's first executive roundtable, titled "The Future of Natural Gas Industry in Egypt." The purpose of the roundtable was to bring together industry leaders from both the private and public sectors, allowing them to connect and collaborate on the different issues affecting the natural gas industry in Egypt.

Petroceltic Completes $9.5m Sale of Deepwater Licenses in Egypt

• Tuesday, 23rd February 2016
• by Egypt Oil & Gas

Petroceltic International plc, the Irish oil and gas exploration, development and production company, has completed the sale of the North Thekah, North Port Fouad, and South Idku deepwater exploration licenses in Egypt to its joint venture partner, the Italian company, Edison International S.p.A, for a total of $9.5m in a cash deal.

Ministry of Petroleum Announces the Launch of PetroShorouk

• Monday, 22nd February 2016
• by Egypt Oil & Gas

Minister of petroleum and Mineral Resources, Tarek El Molla approved the formation of the joint venture company, PetroShorouk Petroleum, for the development of the Zohr field. The joint venture is between the Egyptian Natural Gas Holding Company (EGAS) and IEOC, the Ministry of Petroleum issued in a press release.

Oil Minister Launches Egypt Petroleum Show EGYPS 2017

• Sunday, 21st February 2016
• by Egypt Oil & Gas

Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, has launched the upcoming International Conference Egypt Petroleum Show – EGYPS 2017 – to be held under the auspices of President Abdel Fattah Al Sisi.

Saudi’s Acwa to Fund Dayrut Power Plant

• Wednesday, 17th February 2016
• by Egypt Oil & Gas

Saudi Arabian company Acwa Power agreed with three international institutions to fund the power plant of Dayrut city in Beheira, Egypt. The project is expected to generate 2,250 MW of energy, with investments of $2.1b.

Saudi to Secure Egypt’s Fuel Needs for Next 3 Months

• Monday, 15th February 2016
• by Egypt Oil & Gas

Egypt and Saudi Arabia have reached a deal to supply Egypt with a monthly 800,000 tons of petroleum products for three months starting from February 2016.

Sisi: Construction of Nuclear Plant to Begin in a Few Weeks

• Monday, 15th February 2016
• by Egypt Oil & Gas

Egyptian President Abdel Fattah El Sisi announced that construction of the country's nuclear power plant will begin in a few week.

Ministry of Electricity to Sign $8b Worth of Deals with Japan

• Sunday, 14th February 2016
• by Egypt Oil & Gas

The Ministry of Electricity and Renewable Energy plans to sign four memorandums of understanding (MOU), and three loans with Japanese companies during President Abdel Fattah Al-Sisi's visit to Tokyo this month.