News / Egypt
Eni Strikes Huge Discovery in Nile Delta
Italy's oil and gas company Eni has discovered gas reserves of up to 15bn cubic meters in the Egyptian Nile Delta, Reuters reported. Sherif Ismail Signs Update to Eni Agreement
Egypt and Eni on Friday signed an update to the head of agreement reached in March, following the recent discovery of gas reserves of up to 15 billion cubic meters in Egypt's Nile Delta region.
Egypt to Pay Part of Its Dues to Foreign Companies by End of 2015
The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the end of the year, said Tariq al-Mulla, chairman of the authority.
Ministry of Petroleum: Egypt to Sign 9 Agreements Worth $2.2bn
Nine petroleum agreements of about $2.2 billion will be finalized soon, according to a Ministry of Petroleum. The nine agreements include an agreement with the Tunisian HBS international oil company with investments of $9 million in Egypt’s western desert and two other agreements to renew the allocation of lands in Gamasa, a Mediterranean city in Dakahlia governorate, and Shoker el-Bahariya on the Gulf of Suez to the Petroleum Authority, according to the statement.
Egypt Forms New Council on Climate Change
The government has formed a national council for the climate change, headed by the Minister of Environment, with the aim of adapting to the effects of environmental changes, according to Prime Minister Ibrahim Mehleb.
Ministry of Electricity Allocates 92 sq. Km for Renewable Projects
The ministry of electricity and renewable energy has completed allocating 92 sq. km for alternative energy projects that will be carried out under unified tariff regime, according to an official at the ministry of electricity.
EGPC Boosts Petroleum Products by 10%
he Egyptian General Petroleum Corporation (EGPC) announced an increase in the domestic market supply of petroleum products by 10% to meet the expected increase in demand during the feast, reported Al Mal.
Exclusive: GUPCO Resumes Gas Production at M8 Gas Processing Complex
Production had been effectively halted at GUPCO’s M8 gas processing unit and its attendant platforms after a fire that broke out in one of its connecting pipelines in 2004.
