News / Egypt
Tarek el Molla: EGP 15b Spent on Energy Subsidies in Q1
Tarek El Molla, Minister of Petroleum and Mineral Resources said that subsidies for petroleum derivatives in the first quarter of fiscal year 2015/2016 have reached EGP 15b, reported Egypt Oil & Gas.
Oil and Water Ministries to Cooperate on Minya Irrigation Project
The Ministry of Petroleum and Mineral Resources has signed a protocol with the Ministry of Water Resources and Irrigation to cooperate on drilling 500 wells in the area of West Minya, to access underground water for irrigation, Ahmed Anwar, Chairman of Sino Tharwa, told Egypt Oil and Gas.
Egypt’s Sino Tharwa Wins Algerian Bid
Ahmed Anwar, Chairman of Sino Tharwa, has informed Egypt Oil & Gas that the company has tendered for and won an international bid round in Algeria.
EGPC to Issue New Bid Round in December
Sources at the Egyptian General Petroleum Corporation (EGPC) have informed Egypt Oil & Gas that a new bid round will be announced at the end of December 2015.
Sisi: Gas Shortages to Factories to End This November
Egyptian President Abd Al-Fattah Al-Sisi, noted during yesterday's speech, that the country has been trying to resolve the energy crisis over the past year and a half, focusing on improving the electricity infrastructure.
EGPC Secures Revolving Letter of Credit to BP
Osama Kamal, Former Ministry of Petroleum, told Daily News Egypt that the North Alexandria deal includes a revolving letter of credit worth the contractor’s share value in the gas that is renewed every three months.
Eni to Produce 70,000 Boepd from Nile Delta
Eni has announced in a press release the success of the appraisal well "Nidoco North West 3," in the Nooros exploration prospect, located in the Abu Madi West license in the Nile Delta. EGAS, Eni in Negotiation to Speed Up Linking Shorouk to Grid
The Egyptian Natural Gas Holding Co. (EGAS) is holding intensive meetings with Italian Eni officials to speed up linking Eni's new discovery Zohr field, in the Shorouk concession to the national gas grid, reported Daily News Egypt.
