News / Egypt
Diesel and Fuel Oil Pumped to Power Plants to Be Redirected
A source at the petroleum ministry revealed to Egypt Oil & Gas that the quantities of diesel and fuel oil pumped to power plants will be redirected to build up the strategic reserves.
BP Agrees on Speedier Development of Atoll
BP announced in a press release that it has signed a Heads of Agreement (HoA) with the Egyptian Minister of Petroleum, Tarek El Molla, regarding the acceleration of the development of the recent Atoll gas discovery.
Actis to Fund $350m Wind-Power Plant in Gulf of Suez
Egypt has signed a memorandum of understanding with London-based investor Actis LLP to establish a wind-powered electricity plant in the Gulf of Suez.
Noble Energy: ‘The Markets Available to Us Now are in Egypt’
Texas-based Noble Energy believes the Egyptian gas market is still open to other players despite the recent discovery of the massive Zohr prospect within Egyptian waters.
Egypt Approves Draft Law for the Egyptian Gas Regulatory Authority
The Egyptian cabinet approved in its weekly meeting several draft laws, including that of the gas regulatory, reported Egypt Oil & ga
$48m Investment for the Storage and Distribution of Butane in Upper Egypt
EGPC is implementing two projects to store, transfer and trading of LPG in Upper Egypt, at a total cost exceeding $48m.
Bapetco Links 38mcf of Gas to Production from the New Abyad Well
Bapetco has added an exploratory well in its Abyad fields in the Western Desert to production, at a rate of 38 mcf of gas and 1,000 barrels of condensate a day.
President Sisi Ratifies $2.2b Oil, Gas Exploration Contracts
Egypt’s President Abdel-Fattah El-Sisi ratified six oil and gas exploration contracts worth a combined $2.2b on Tuesday, the Ministry of Petroleum said.
