News / Egypt
Press Release: Egypt’s Oil Sector Gathers to Discuss Production Optimization
Egypt Oil & Gas is pleased to announce the largest oil and gas event of the year, the Production Optimization Convention—hosted from May 10 through May 13. The purpose of the four-day convention is to bring together government authorities, local, and foreign players in one place to discuss the economic barriers to optimizing production of crude oil and natural gas in Egypt.
Press Release Update-1: Egypt Oil & Gas Hosts Roundtable for Industry Leaders
Egypt Oil & Gas hosted on Monday 7th of May a Production Optimization Roundtable—A premier event allowing leaders in the oil and gas industry to connect and collaborate on the issue of optimizing production. This event is part of a four-day convention and is unprecedented in its ability to bring together leaders both within the private as well as the public sector.
New $1.3bn Ain Sokhna Power Plant to Generate 1,300MW
A new power station opened in Egypt on Wednesday, adding 1,300 megawatts to the country’s electricity grid at a cost of EGP9.6 bn ($1.3bn). Egypt’s Electricity Minister Mohamed Shaker and Prime Minister Ibrahim Mahlab attended the official opening.
AAIB Approves $50m Loan to Sino Tharwa
The Arab African International Bank ( AAIB ) approves a loan worth US$50 million for an Egypt-based petroleum firm Sino Tharwa Drilling, a banking source with knowledge of the matter told Amwal Al Ghad Tuesday. The loan will go for financing Sino Tharwa's investment plans in the coming phase.
Update-1: Dana Gas to Develop 20 New Wells
Dana Gas is committed to develop 20 new wells and work-over 17 existing wells in Egypt, in the framework of a $350 million work program, per the Gas Production Enhancement Agreement (GPEA), according to Dana Gas press release for the company’s production and profits in quarter 1 (Q1) 2015.
Algerian LNG Shipment Expected to Arrive in Egypt
A 3 billion cubic meter liquefied natural gas shipment from Sonatrach natural gas Algerian company will arrive in Egypt by next week via Ain Sokhna port, Khalid Abdul Badi Chairman of the Egyptian Natural Gas Holding Company (EGAS) told Youm7.
Egypt’s EGAS to Finalize Gas Tender This Month
Abdul Badie: 9 companies invited to compete and supply gas shipments per week
Dana Gas Projects in Egypt Continuing Despite Oil Price Crunch
Sharjah-based Dana Gas reported lower sales and profit in the first quarter, as cost-cutting wasn’t enough to mitigate the effects of lower oil and gas prices, but senior executives see improvements ahead.
