News / Egypt
EGAS Denies Jordan LNG Claims
In a talk with Al-Masry Al-Youm EGAS Chairman Khaled Abdel Badie strenuously denied news reports that Egypt was going to import LNG through the Jordanian port of Aqaba, reported Egypt Independent.
Egypt Signs $1.4b Saudi Aramco Deal
Egypt agreed a three-month oil products deal worth $1.4 billion with Saudi Arabia's state-owned Aramco to begin in September, Sherif Ismail told Reuters.
Egypt to Import Gas from Jordan
Egypt's state-owned gas company EGAS is seeking four cargoes of liquefied natural gas (LNG) for delivery to Jordan's Aqaba terminal, reported Reuters.
Ministry of Electricity: No Usage of EPC+ Financing
The ministry of electricity has ceased the negotiations conducted on implementing projects on EPC+ finance basis, reported Al Mal.
Sea Dragon Energy to Merge with Madison PetroGas
Sea Dragon announced a merger deal with Madison PetroGas. The purpose of the merger is to create a stronger company, which will be renamed SDX Energy.
Crescent Group to Invest $300m in Egypt
The Crescent Group, locally represented through Dana Gas, plans to invest $300m in gas exploration and excavation projects in Egypt, reported Al Mal.
Egypt’s Gas Consumption Rises to 1,765 BCF
Vice Chairman for Operations & Natural Gas Grids told Egypt Oil & Gas (EOG) that natural gas local consumption increased during Fiscal Year 2014/2015, reaching 1,765 BCF (an average of 5,000 MMSCFD).
Egypt Air Debt to EGPC Climbs to EGP 5.9b
Egypt Air's dues owed to EGPC jumped to EGP 5.9b by the end of July compared to 5.7b in the month of April 2015. This is the result of the Egypt Air's decision to stop paying the full value of the fuel it receives and focus more on paying the monthly installments of the debt accumulated.
