News / Egypt

Khaled Abu Bakr: New Gas Find Will Change the Energy Map for Egypt and the World

Khaled Abu Bakr, Executive Chairman of Taqa Arabia, said that the greatest challenge facing Egypt is legislative

IEOC to Connect Mega Egyptian Gas Discovery to Port Said

IEOC, a subsidiary of Eni, will extend a 195km pipeline from Zouhr well Block 9 to the city of Port Said, reported Egypt Oil & Gas (EOG). Work on the pipeline will begin with development operations early next year.

EGAS to Import LNG from Sonatrach

EGAS is in negotiations with the Algeria's Sonatrach, to import LNG shipments starting from next year, reported Al Markazy.

EGPC to Issue Tender for 3 Rigs

Egypt Oil & Gas (EOG) learned that EGPC will issue a tender before the end of this year to lease 3 rigs. The rigs are to drill 5 new wells in fields operated by Petrobel and Khalda.

Egypt to Issue Tender for 300,000 Tons of Fuel

Sources at EGPC told Egypt Oil & Gas (EOG) that a tender for importing 300,000 tons of fuel and diesel will be issued end of September. The decision comes as part of the government's plan to have a 15 day stock of all petroleum derivatives on hand in order to deal with any sudden hike in demand.

Petroleum Ministry to Compensate Factories for Gas Shortages

Due to requests made by factory owners, the Ministry of Petroleum decided to supply fuel oil and diesel to cement and fertilizer factories, as a means to compensate the temporary lack of gas.

Eni to Start Development of Shorouk Block in January

Development operations in the natural gas field off the country’s Mediterranean coast will start in January 2016, said Lapo Pistelli, V-P of the Italian company.

Nasr Petroleum Exports $296m Worth of Petroleum Products

Mohamed Orabi, Chairman of the Nasr Petroleum Company (NPC), confirmed that his company had refined about 2.5m tons of crude during the 2014-2015 fiscal year.

EGAS Invites 10 LNG International Firms for Workshop

10 liquefied natural gas (LNG) trading firms have been invited by EGAS to join a technical workshop. The said workshop is believed to be a shortlisting of potential winners for a major LNG tender.

Eni’s Gas Discovery May Be Double Initial Estimates

Sources at EGAS told Egypt Oil & Gas (EOG) that according to the seismic data of Eni's massive Zouhr discovery, the potential reservoir is estimated at 60 TCF, rather than 30 TCF. Accurate estimates of the full reservoir value after the completion of three more appraisal wells.

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