News / Egypt
Italy’s Technip Lands Deal to upgrade Egypt’s ASORC & MIDOR
Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements valued at a total of US$2.9 billion with Egypt-based companies for upgrades of two refineries there.
Egypt to Build a Compound Powered by Solar Energy
A total of EGP 500m in investments will be injected by the Modern Company of Real Estate Investment (MCR) into an integral compound operated by solar power.
BG Egypt Appoints New President
BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as its president, the company said in a statement on Sunday.
Deadline for Egypt’s 2nd LNG Tender End of July
The Egyptian Natural Gas Holding Company (EGAS) issued a second international bid for foreign companies to supply 45 liquefied natural gas (LNG) shipments until the end of 2016.
Eni Strikes Huge Discovery in Nile Delta
Italy's oil and gas company Eni has discovered gas reserves of up to 15bn cubic meters in the Egyptian Nile Delta, Reuters reported. Sherif Ismail Signs Update to Eni Agreement
Egypt and Eni on Friday signed an update to the head of agreement reached in March, following the recent discovery of gas reserves of up to 15 billion cubic meters in Egypt's Nile Delta region.
Egypt to Pay Part of Its Dues to Foreign Companies by End of 2015
The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the end of the year, said Tariq al-Mulla, chairman of the authority.
Ministry of Petroleum: Egypt to Sign 9 Agreements Worth $2.2bn
Nine petroleum agreements of about $2.2 billion will be finalized soon, according to a Ministry of Petroleum. The nine agreements include an agreement with the Tunisian HBS international oil company with investments of $9 million in Egypt’s western desert and two other agreements to renew the allocation of lands in Gamasa, a Mediterranean city in Dakahlia governorate, and Shoker el-Bahariya on the Gulf of Suez to the Petroleum Authority, according to the statement.
