News / Egypt
AMOC to Begin Construction of Naphta and Diesel Units in late 2016
Italian company Technip won a public tender put forward by Alexandria Mineral Oils Company (AMOC) for the preparation of an economic and technical feasibility study for the establishment of two new units for the production of diesel and naphtha and fuel oil at its complex in Alexandria.
EGAS Chairman: Egypt will Close the Gas Consumption, Production Gap by 2018
In exclusive statements made to Al-Borsa, EGAS Chairman Khaled Abdel Badie, said that Eni's new discovery will definitely contribute towards balancing Egypt's gas production and consumption by 2018, once combined with other finds such those made by BP North of Alexandria.
Sisi to Ink Energy Deals in China
Sisi and his Chinese counterpart are scheduled to sign a number of understanding memoranda, funding agreements as well as cooperation protocols in a number of areas, chiefly energy industry, small and medium-sized enterprises. The two leaders will also uncover some joint investment projects between a number of businessmen and private sector in the two states.
Saudi Arabia, Egypt to Join Forces in Nuclear Energy
Saudi Arabia announced its intention to work bilaterally with Egypt in several fields, including the peaceful use of nuclear energy,
Update-2: EGAS to Gain 60% Share of Eni’s New Gas Find in Egypt
EGAS Chairman Khaled Abdel Badie told Daily News Egypt that the agreement with Italy’s Eni will see Egypt’s share of gas production from the Shorouk franchise increase to over 60%. this will occur after the foreign partner recovers their financial expenses, with the agreement stating that the foreign partner will receive 40% of production throughout the recovery period.
Update 1: Eni Provides Full Report on Mega-Gas Find in Egypt
The Ministry of Petroleum and Mineral Resources announced in a press release that the petroleum Minister, Sherif Ismail, received a report from Eni Chief Executive Claudio Descalzi concerning the company's deepwater mega-gas find in the Shorouk block in the Mediterranean Sea. The discovery holds a potential of 30 tcf of gas and 5.5 bboe, covering an area of about 38.6 square miles (100 square kilometers).
Egypt to Sign Dabaa Nuclear Station Agreement Next Week
Minister of Electricity and Renewable Energy Mohamed Shaker announced that the ministry is currently holding negotiations with Russian experts to complete the remaining aspects of the establishment of Dabaa nuclear station, in preparation for the signature of the agreement next week, reported All Africa. Eni Announces Gas Discovery, Largest Ever for Egypt or Mediterranean
The Italian energy giant Eni announced a massive new natural gas discovery on Sunday, reported Reuters.
