News / Egypt
Khaled Abdel Badie: Stable Gas Supply to Fertilizer Factories
EGAS Chairman, Khaled Abdel Badie, affirmed the regularity of the natural gas supply to fertilizer factories, reported al-Masry Al-Youm.
GPC to Boost Production by 5,000 b/d
Ahmed Jiddawi, Chairman of the General Petroleum Company (GPC) production department, said that his company has devised a new production plan meant to up production to approximately 5000 b/d of crude oil. This was after drilling three new wells, one in the Gulf of Suez, one in the Western Desert, and one in the Eastern Desert, reported Egypt Oil & Gas.
Zohr Improves Egypt’s Worldwide Ranking
A source at the Petroleum Ministry told Egypt Oil & Gas that Eni's recent giant gas discovery "Zohr", with 30 tcf of gas reserves, will raise Egypt's worldwide petroleum ranking to 12 instead of 18, reported Egypt Oil & Gas.
Egypt Responsible for LNG Price Increase
Asian liquefied natural gas (LNG) prices for December delivery rose this week as traders and energy companies moved to fill slots awarded to Egypt recently, reported Egypt Independent.
Egypt to Rent 3rd FSRU By 2017
Reuters reported that Egypt is planning to rent a third floating storage and regasification unit (FSRU) late 2016 or early in 2017, in an effort to deal with gas shortage.
North Alexandria Concession to Begin Production Early 2017
Egypt Oil & gas learned that British Petroleum (BP) will begin production at its North Alexandria concession early 2017, rather than mid-2017, as originally planned.
Tarek El Molla: No Truth to Increase in Fuel Prices
During a press conference at the ministry of petroleum, Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that there will be no decrease in subsidies of petroleum products, reported Egypt Oil & Gas.
Khaled Abdel Badie: Egypt Will Not Obtain a 4th FSRU
Khaled Abdel Badie, Chairman of EGAS, explained that while originally Egypt planned to rent a fourth Fuel Storage and Regasification Unit (FSRU), the Shorouk discovery has deemed the move unnecessary, reported Egypt Oil & Gas. 
