News / Egypt
Croatian Oil Services Worker Reportedly Beheaded By ISIS
Tomislav Salopek, a Croatian man employed by French petroleum geosciences firm CGC has reportedly been beheaded by ISIS-affiliated militants in Egypt’s Sinai peninsula, the Independent reported.
Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves
The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt reported.
Sea Dragon Producing a 1000 Barrels from its Petroamir Concession
Ahmad Farid Moazz, general manager of the Canadian oil exploration company Sea Dragon operating in Egypt, confirmed that the company’s total production is currently at 1,000 b/d.
Sisi: Egypt is Committed to Paying Off Debt to IOCs
Egyptian President Abdel Fattah al-Sisi said that his government is "committed" to paying up debts to oil and gas companies "operating on its soil," reported Aswat Masreya.
Rockhopper Exploration Buys Beach Petroleum Egypt
Beach Energy announced the sale of its subsidiary in Egypt "Beach petroleum" to Rockhopper Exploration, reported Oil voice.
Ministry of Petroleum: Petrochemical Plants to be Launched in the New Suez Canal Annex
The Ministry of Petroleum announced that it is working on preparing feasibility studies for a number of refining and petrochemical projects that will be included the new Suez Canal Axis Development plan, reported Daily News Egypt.
Minister of Petroleum: Natural Gas Linked to New Ismailia
Sherif Ismail, Minister of Petroleum and Mineral Resources, said in a press release that Sinai Gas had completed the natural gas connection to the city of New Ismailia.
Saudi Arabia to Aid Egypt’s Petroleum Sector with $1.4bn
Egypt has reached an agreement with Saudi Arabia to receive petroleum aid worth $1.4bn for 3 months.
