News / Egypt
Sherif Ismail: Providing Petroleum Products to Citizens is a Strategic Goal
Egypt Oil and Gas learned that the Minister of Petroleum and Mineral Resources, Sherif Ismail, had said that the provision for citizens’ needs of petroleum products is a strategic goal and that they are currently executing a program to secure supplies, especially of butane to keep up with increased consumption, especially during the winter.
Egypt’s Sherif Ismail to Meet Spanish Energy Minister
Egypt Oil and Gas (EOG) learned that the Minister of Petroleum and Mineral Resources, Sherif Ismail is on his way to to Spain to meet his counterpart, the Spanish Energy Minister, in order to discuss means of cooperation between the two countries, as well as to invite Spain to participate in a number of projects put forward by the ministry over the last period.
Egypt to Begin Gas Imports from Cyprus by 2018
In an interview with Daily News Egypt, Sherif ismail announced that economic studies to import gas from the Aphrodite gas field in Cyprus are underway. This came after ENPPI completed all technical studies. "It is planned that we start importing after 2017." Ismail explained.
Third FRSU Ship to Reach Egypt September 2016
In an interview with Daily News Egypt, Engineer Sherif Ismail, Egyptian Minister of Petroleum announced that the third gasification ship is expected to reach the Safaga Port in September 2016, to meet the needs of power plants affiliated to Siemens Co., which will enter into service afterwards. The capacity of the three boats will range from 750mcf to 1bcf of gas per day, to meet part of the needs of the industrial sector and power plants.
Kuwait Petroleum Corporation to Establish Office in Egypt
The Kuwait Petroleum Corporation (KPC) will establish an office in Egypt as part of an agreement.
Petroleum Ministry Signs New Deal with Saudi Aramco
The Ministry of Petroleum announced signing of an agreement with Saudi Aramco – the largest energy company in the world – to provide Egypt with its needs of petroleum products for three months, reported Reuters. Repayment will be over 3 years.
Egypt to Double Natural Gas Production by 2018
A study by the Egyptian Center for Economic Studies (ECES) forecasts that due to recent gas discovery, Egypt will be able to double its natural gas production by 2018.
Finance Minister: Massive Gas Find Will Not Affect Subsidy Reform
Al Arabiya quoted Hany Kadry Dimian, the Egyptian finance minister, saying that the discovery of a massive new offshore natural gas field will not slow down his country's efforts to slash energy subsidies. The statement was made during the 20th Euromoney Conference, held in Cairo.
