News / Egypt
Egypt to Renegotiate Contracts with IOCs
Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry aims to renegotiate the current contracts with IOCs, in order to achieve economic balance between the foreign investor and state companies, reported Egypt Oil & Gas.
El Molla: Egypt to Import 2.2m Barrels of Crude from Kuwait
Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that a key priority is increasing imports of petroleum derivatives, reported Egypt Oil & Gas.
Egypt Debt to IOCs Stands at $3b
During a press conference, Tarek El Molla, Minister of Petroleum and Mineral Resources, said that currently the debt owed to foreign oil companies stands at $3b, reported Egypt Oil & Gas.
Energean Oil & Gas to Start Seismic Surveys in West Kom Ombo
Energean Oil & Gas has appointed AGS–Afro to conduct a 2D seismic survey in its West Kom Ombo concession area, in support of the company’s new $6m investment program in Egypt.
Egypt’s Renewable Authority Working out Framework for Waste-To-Energy
Egypt’s New and Renewable Energy Authority (NREA) is preparing to introduce a feed-in tariff for waste-to-energy (WTE) projects
Russia’s Rosneft to Supply Egypt
The Egyptian government has agreed to import petroleum products from major Russian oil companies, reported Russia Today. BP Commits $229M to Three Offshore Blocks with Eni and Total
BP Plc announced on Wednesday that it had been awarded three new offshore exploration blocks in Egypt with a total investment commitment of $229 m from BP and its partners
Apache Finalizes Studies on Obayyed Shale Gas Reserves
Apache has completed the necessary studies to research and explore shale gas in the Obayyed field in the Western Desert for the first time in Egypt, reported Egypt Daily News.
