News / Egypt
Suffering Factories to Receive 700 mscf of Gas This Month
Sources at EGAS told Egypt Oil & Gas that a decision was taken to pump 700 mscf of liquefied natural gas (LNG) to factories suffering from gas shortages.
Egypt Redefines Mediterranean Borders
Ahmed Abdel Halim, petroleum expert in maritime borders, told Egypt Oil & Gas that the ministry of defense had sent a map to the petroleum ministry illustrating all concessions owned by Egypt in the Mediterranean deep-waters, and identifying the marine borders between Egypt and Israel and Cyprus, Turkey and Greece, clearly marking each country's economic zone.
BAPETCO Achieves Highest Production Record in 15 Years
Badr El-Din Petroleum Company (BAPETCO) achieved its highest rates of oil and gas production in 15 years.
Saafan: Egypt to Increase Reliance on Petrochemical projects
Mohammed Saafan, Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), told Egypt Oil & Gas that the coming period will witness an increasing reliance on petrochemical projects to provide products for local markets and reduce the nation's import bill.
Diesel and Fuel Oil Pumped to Power Plants to Be Redirected
A source at the petroleum ministry revealed to Egypt Oil & Gas that the quantities of diesel and fuel oil pumped to power plants will be redirected to build up the strategic reserves.
BP Agrees on Speedier Development of Atoll
BP announced in a press release that it has signed a Heads of Agreement (HoA) with the Egyptian Minister of Petroleum, Tarek El Molla, regarding the acceleration of the development of the recent Atoll gas discovery.
Actis to Fund $350m Wind-Power Plant in Gulf of Suez
Egypt has signed a memorandum of understanding with London-based investor Actis LLP to establish a wind-powered electricity plant in the Gulf of Suez.
Noble Energy: ‘The Markets Available to Us Now are in Egypt’
Texas-based Noble Energy believes the Egyptian gas market is still open to other players despite the recent discovery of the massive Zohr prospect within Egyptian waters.
