News / Egypt
Russia’s Rosneft, Petroleum Ministry to Work on Educational Projects
Chairman of Russia's Rosneft Igor Sechin and the Egyptian Minister of Petroleum Sherif Ismail inked a deal that will allow both entities to join forced on educational projects, reported Egypt Oil & Gas (EOG).
Rosneft to Supply Egypt with Natural Gas
Petroleum Minister Sherif Ismail has inked an agreement with Russian company Roseneft to supply amounts of LNG to Egypt for the upcoming two years, reported All Africa.
Falling Brent Prices Push IOCs to Cut Production in Egypt
The Ministry of Petroleum announced the stabilization of crude oil production at 695,000 b/d during the current fiscal year in the context of foreign partners continuing to reduce their exploration investments.
GUPCO Expands Production After Field Developments
Egypt Oil & Gas (EOG) learned that GUPCO has drilled 3 new wells in its concession area in the Gulf of Suez by drilling three new wells – Hilal B1, Hilal B2 and EDFU A7 ; in addition to an exploratory well GS277-A5.
Shell, EGPC in Talks About Al-Abyad Shale Gas Price
Royal Dutch Shell and the Egyptian General Petroleum Corporation (EGPC) are in discussions over the price of shale gas that will be produced in the Al-Abyad area for the first time in Egypt.
Egypt Cancels Tender for Prepaid Smart Electricity Meters
The Ministry of Electricity announced the cancellation of a tender for supplying 50,000 smart electricity meters that were needed for the South Cairo Electricity Distribution Company.
Bapetco and Khalda Invest $23m to Frack for Apollonia Natural Gas
Bapecto and Khaleda Petroleum plan on drilling three horizontal wells in the Apollonia field in the Western Desert, reported Al-Borsa. This is to produce natural gas from the layers of limestone characterized by low porosity and permeability, utilizing hydraulic fracturing.
Egypt to Offer Investors 3 cents per Kilowatt of Renewable Energy
Egypt’s Ministry of Electricity is currently finalizing deals with the companies that signed MoUs during the economic conference last March to purchase 1 KW of power generated via alternative energy sources for 3 cents.
