News / Egypt
Descalzi: Eni Is Keeping Balance by Lowering Costs
In an Interview with Bloomberg, Eni's CEO, Claudio Descalzi, stated that the company is keeping balance by lowering costs to the level of $20 per barrel.
Oil Ministry Held Progress Workshop
The Egyptian Minister of Petroleum, Tarek El Molla, presided over a ministry's workshop aimed at studying suitable methods to improve oil and gas sector in Egypt, formulate a vision and outline a plan for the coming period.
Edison, Total, BP Mull Buying 40% Stake in Zohr
Italian Edison, French Total, and British Petroleum (BP), have requested information about Zohr field as they ponder negotiations with Eni over a purchase of 40% of the company's stake in the Mediterranean Sea concession, offshore Egypt.
Electricity Ministry Ponders Siemens’ Renewable Energy Project
The Egyptian Ministry of Electricity and the New & Renewable Energy Authority are studying an offer proposed by the German energy company Siemens to produce 10,000 MW of renewable energy in Egypt by December 2016. Oil Minister Appointed New Heads of Three Petroleum Companies
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla announced changes in the management of three petroleum firms.
GASCO Mulls $605m Investment in Gas Projects
GASCO studies a project to transport gas from Raven field in the North of Alexandria worth $105m and investing $500m in the second phase of a project to boost ethane-propane production in Western Desert.
Weatherford Egypt Witnesses Workers’ Protest
Fifty workers at Weatherford Egypt, an energy service company, staged a sit-in protest in front of the company's headquarter in Cairo, raising objections to a recent decision by the company to terminate their employment contracts.
Egypt: Fuel Prices Will Not Rise over IMF Loan
During negotiations with the IMF, the Egyptian government confirms that no changes will occur to current fuel prices and other reform efforts.
