News / Egypt

Egypt’s EGPC seeks $ 2 bln loan

Egyptian General Petroleum Corporation (EGPC) is looking to secure a $2 billion; 58-month debt financing that will be used for export funding, bankers close to the deal reported.

Fahmy denies any gas imports

The Egyptian Minister of Petroleum, Eng. Sameh Fahmy denied rumors around the government's intention to import gas from any country, pointing out that any investment proposals with effective cost to support the Egyptian national security will be issued by specialties in the petroleum sector.

Sudan seeks to buy natural gas from Egypt

Egypt has received a formal request from Sudan to close a gas supply deal, according to a newspaper reports.

Egypt mulls importing gas from Iraq

Egypt is considering the import of natural gas from Iraq through the pipeline that the country currently uses to export its own natural gas to Jordan, Lebanon and Syria, known as the Arab pipeline, the Daily News Egypt reported.

Apache’s latest oil discovery in Egypt’s Western Desert tests 5,085 bpd

Apache Corporation reported that its WKAL-A-2X discovery tested 5,085 barrels of oil and 130 thousand cubic feet (Mcf) of gas per day - the fourth successful exploration test in West Kalabsha Concession and the company's sixth discovery in the Faghur Basin play in Egypt's far Western Desert near the Libyan border.

Dana Gas announces a new 1300 bpd oil discovery in Egypt

Dana Gas, the Middle East's first and largest regional private sector natural gas company, is pleased to announce the Al Baraka-4 well, drilled as an appraisal of the Al Baraka Field in the Komombo Concession in southern Egypt

Echem to inaugurate new methanol complex in Damietta

Hany Soliman, President and chairman of the board of the Egyptian Petrochemicals Holding Company (Echem), announced that preparation are taking place for the inauguration of methanol production complex in Damietta, with investments reaching up to $950 million.

Fahmy: Scientific research vital to oil and gas sector

The oil sector is attaching increasing importance to scientific research in order to develop the oil, gas and petrochemical industries in Egypt, said the Egyptian Petroleum Minister Eng. Sameh Fahmy.

New refining company to be established in Upper Egypt

Eng. Sherif Ismail, Chairman of Ganoub El Wadi Petroleum Holding Company (Ganope) revealed the establishment of a new investment company for oil refining in Upper Egypt.

Egyptian gas to reach 600 thousand households annually

The Minister of Petroleum, Eng. Sameh Fahmy issued his directions to speed up the delivery of natural gas to households, adding that this year's plan includes 600 thousand households

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