News / Egypt
Rockhopper Exploration Buys Beach Petroleum Egypt
Beach Energy announced the sale of its subsidiary in Egypt "Beach petroleum" to Rockhopper Exploration, reported Oil voice.
Ministry of Petroleum: Petrochemical Plants to be Launched in the New Suez Canal Annex
The Ministry of Petroleum announced that it is working on preparing feasibility studies for a number of refining and petrochemical projects that will be included the new Suez Canal Axis Development plan, reported Daily News Egypt.
Minister of Petroleum: Natural Gas Linked to New Ismailia
Sherif Ismail, Minister of Petroleum and Mineral Resources, said in a press release that Sinai Gas had completed the natural gas connection to the city of New Ismailia.
Saudi Arabia to Aid Egypt’s Petroleum Sector with $1.4bn
Egypt has reached an agreement with Saudi Arabia to receive petroleum aid worth $1.4bn for 3 months.
Libya to Get Electricity from Egypt
According to the Tripoli Government - Which is not an officially recognized government- Libya will import electricity from Egypt and Tunisia and rent generators as it struggles with power outages that have plunged its main cities into darkness, reported Reuters.
Oil Expat Kidnapped by IS from Cairo
30 year old Tomislav Salopek, a Croatian surveyor in the oil and gas industry working with France's CGG Ardiseis, was abducted last month on his way to work in Cairo, reported Ahram Online.
Russia, Egypt to Sign Deal for 2nd Nuclear Power Plant
Russian Prime Minister Dmitry Medvedev announced during an interview with Ahram Online that a deal for the construction of a second nuclear power plant in Egypt is about to be finalized.
World Energy Council: Energy Crisis in Egypt Needs EGP 140bn
Maher Aziz, member of the World Energy Council, said Egypt needs EGP 140bn (US$18.2bn) to solve its ongoing electricity shortages.
