News / Egypt
Kuwait Petroleum Corporation to Establish Office in Egypt
The Kuwait Petroleum Corporation (KPC) will establish an office in Egypt as part of an agreement.
Petroleum Ministry Signs New Deal with Saudi Aramco
The Ministry of Petroleum announced signing of an agreement with Saudi Aramco – the largest energy company in the world – to provide Egypt with its needs of petroleum products for three months, reported Reuters. Repayment will be over 3 years.
Egypt to Double Natural Gas Production by 2018
A study by the Egyptian Center for Economic Studies (ECES) forecasts that due to recent gas discovery, Egypt will be able to double its natural gas production by 2018.
Finance Minister: Massive Gas Find Will Not Affect Subsidy Reform
Al Arabiya quoted Hany Kadry Dimian, the Egyptian finance minister, saying that the discovery of a massive new offshore natural gas field will not slow down his country's efforts to slash energy subsidies. The statement was made during the 20th Euromoney Conference, held in Cairo.
Egypt Pays $600m of IOC Debt
In an interview with Daily News Egypt, Tarek El-Molla confirmed the reduction of Egypt's debt to foreign oil companies to the current $2.9b.
Khaled Abu Bakr: New Gas Find Will Change the Energy Map for Egypt and the World
Khaled Abu Bakr, Executive Chairman of Taqa Arabia, said that the greatest challenge facing Egypt is legislative
IEOC to Connect Mega Egyptian Gas Discovery to Port Said
IEOC, a subsidiary of Eni, will extend a 195km pipeline from Zouhr well Block 9 to the city of Port Said, reported Egypt Oil & Gas (EOG). Work on the pipeline will begin with development operations early next year.
EGAS to Import LNG from Sonatrach
EGAS is in negotiations with the Algeria's Sonatrach, to import LNG shipments starting from next year, reported Al Markazy.
