News / Egypt
Update-2: EGAS to Gain 60% Share of Eni’s New Gas Find in Egypt
EGAS Chairman Khaled Abdel Badie told Daily News Egypt that the agreement with Italy’s Eni will see Egypt’s share of gas production from the Shorouk franchise increase to over 60%. this will occur after the foreign partner recovers their financial expenses, with the agreement stating that the foreign partner will receive 40% of production throughout the recovery period.
Update 1: Eni Provides Full Report on Mega-Gas Find in Egypt
The Ministry of Petroleum and Mineral Resources announced in a press release that the petroleum Minister, Sherif Ismail, received a report from Eni Chief Executive Claudio Descalzi concerning the company's deepwater mega-gas find in the Shorouk block in the Mediterranean Sea. The discovery holds a potential of 30 tcf of gas and 5.5 bboe, covering an area of about 38.6 square miles (100 square kilometers).
Egypt to Sign Dabaa Nuclear Station Agreement Next Week
Minister of Electricity and Renewable Energy Mohamed Shaker announced that the ministry is currently holding negotiations with Russian experts to complete the remaining aspects of the establishment of Dabaa nuclear station, in preparation for the signature of the agreement next week, reported All Africa. Eni Announces Gas Discovery, Largest Ever for Egypt or Mediterranean
The Italian energy giant Eni announced a massive new natural gas discovery on Sunday, reported Reuters.
PetroSafe Cleans Oil Spill in Nile
Petroleum Safety and Environmental Services Company (PETROSAFE) has cleaned-up the oil spill occurred Friday from a power plant in the Nile of Assiut, chairman Magdy Fahmy stated Saturday. The company has sent a fighting-pollution team to start survey processes.
Egypt’s Sisi Meets with Eni’s CEO
President Abdul Fattah al Sisi met with Eni's CEO Claudio Descalzi.
Russia’s Rosneft, Petroleum Ministry to Work on Educational Projects
Chairman of Russia's Rosneft Igor Sechin and the Egyptian Minister of Petroleum Sherif Ismail inked a deal that will allow both entities to join forced on educational projects, reported Egypt Oil & Gas (EOG).
Rosneft to Supply Egypt with Natural Gas
Petroleum Minister Sherif Ismail has inked an agreement with Russian company Roseneft to supply amounts of LNG to Egypt for the upcoming two years, reported All Africa.
