News / Egypt
ADIB to Loan EGPC $100m
The Egyptian General Petroleum Corporation (EGPC) has requested a loan from ADIB Capital worth $100m to finance imported petroleum shipments, reported Daily News Egypt.
Signs of Fuel Crisis in Cairo
Signs of a fuel crisis are beginning to emerge in Cairo neighborhoods after a number of gas stations ran out of gasoline yesterday, reported Egypt Oil & Gas (EOG).
New Prime Minister Sherif Ismail Meets with President Sisi, Ordered to Appoint New Cabinet Within Week
President Abdel Fattah El-Sisi met with Sherif Ismail, the former petroleum minister, at his palace on Saturday, Egypt Oil & Gas has learned.
EGYPT: Petroleum Minister to Become New Prime Minister
The Prime Minister of Egypt, Ibrahim Mehlab, and the entire cabinet have announced their resignation, Reuters reported.
El-Hamra Oil Tender for New Rig to Drill Wells in Western Desert
Egypt Oil & Gas learned that El-Hamra Oil is preparing to launch a tender to hire a new rig for the implementation of the company program for the current fiscal year in the Western Desert concession area.
Egypt Has 7 Other Blocks in Mediterranean Similar to Eni’s New Shorouk Discovery
Dr. Wafik Meshref, the Exploration General Manager at Sahara Oil & Gas Company told Egypt Oil & Gas that there are at least seven additional blocks in the Mediterranean Sea that have similar or twin lithology to Shorouk Block.
OSOCO Issues Tender for New Rig in Egypt’s Gulf of Suez
Egypt Oil & Gas has learned that Offshore Shukeir Oil Company Co. (OSOCO) is preparing to launch a tender for a new rig for its development plan for the current fiscal year in the Gabal Al-Zayt concession area in the Gulf of Suez.
PETROSILAH Drills New Exploratory Well in Western Desert
Egypt Oil & Gas has learned that PETROSILAH has completed the drilling of a new exploratory crude oil well in the Western Desert concession area in order to implement the company’s drilling program during the current fiscal year.
