News / Egypt
Egypt Decreased Kuwaiti Crude Imports
The Egyptian Ministry of Petroleum announced that the crude oil import from Kuwait has decreased from 3mb/month to 2mb/month.
Egypt to Rerun ADCO, Damietta Gas Liquefaction Factories
The Egyptian Ministry of Petroleum and Mineral Resources is to rerun ADCO and Damietta gas liquefaction factories by 2020/ 2021.
EGAS Issued LNG Cargoes Tender
The Egyptian Natural Gas Holding Company (EGAS) announced a tender for eight liquefied gas shipments.
Eni to Drill Sixth Well in Egypt’s Zohr Field
An official at the Egyptian General Petroleum Corporation (EGPC) stated that the drilling of the sixth well of the Zohr gas concession is scheduled to start in January 2017.
Egypt Saw 10% Rise in Fossil Fuel Usage
An official of the Egyptian Ministry of Petroleum said that the ministry has detected 10% increase in local usage of fossil fuel across all the governorates.
Oil Expert: IMF Loan is a Trap
'The International Monetary Fund (IMF) is a trap meant to drown Egypt in foreign loans and if Egypt accepts it, the country may soon declare bankruptcy,' said Ibrahim Zahran, a petroleum expert, in an exclusive interview with Egypt Oil&Gas.
Solar Energy Investors In Dispute over Domestic Arbitration
The Egyptian Ministry of Electricity and Renewable Energy faces late disagreements with solar energy co-investors over domestic arbitration regarding renewable projects.
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.
