News / Egypt
Petroleum Ministry to Compensate Factories for Gas Shortages
Due to requests made by factory owners, the Ministry of Petroleum decided to supply fuel oil and diesel to cement and fertilizer factories, as a means to compensate the temporary lack of gas.
Eni to Start Development of Shorouk Block in January
Development operations in the natural gas field off the country’s Mediterranean coast will start in January 2016, said Lapo Pistelli, V-P of the Italian company.
Nasr Petroleum Exports $296m Worth of Petroleum Products
Mohamed Orabi, Chairman of the Nasr Petroleum Company (NPC), confirmed that his company had refined about 2.5m tons of crude during the 2014-2015 fiscal year.
EGAS Invites 10 LNG International Firms for Workshop
10 liquefied natural gas (LNG) trading firms have been invited by EGAS to join a technical workshop. The said workshop is believed to be a shortlisting of potential winners for a major LNG tender. Eni’s Gas Discovery May Be Double Initial Estimates
Sources at EGAS told Egypt Oil & Gas (EOG) that according to the seismic data of Eni's massive Zouhr discovery, the potential reservoir is estimated at 60 TCF, rather than 30 TCF. Accurate estimates of the full reservoir value after the completion of three more appraisal wells.
Petroleum Minister: New Discovery Not to Affect Israeli Gas Imports
Sherif Ismail, the Egyptian Petroleum minister saying that the discovery of the Zohr natural gas field off Egypt will not undermine private-sector negotiations about buying gas from Israel.
AMOC to Begin Construction of Naphta and Diesel Units in late 2016
Italian company Technip won a public tender put forward by Alexandria Mineral Oils Company (AMOC) for the preparation of an economic and technical feasibility study for the establishment of two new units for the production of diesel and naphtha and fuel oil at its complex in Alexandria.
EGAS Chairman: Egypt will Close the Gas Consumption, Production Gap by 2018
In exclusive statements made to Al-Borsa, EGAS Chairman Khaled Abdel Badie, said that Eni's new discovery will definitely contribute towards balancing Egypt's gas production and consumption by 2018, once combined with other finds such those made by BP North of Alexandria.
