News / Egypt
Bapetco Links 38mcf of Gas to Production from the New Abyad Well
Bapetco has added an exploratory well in its Abyad fields in the Western Desert to production, at a rate of 38 mcf of gas and 1,000 barrels of condensate a day.
President Sisi Ratifies $2.2b Oil, Gas Exploration Contracts
Egypt’s President Abdel-Fattah El-Sisi ratified six oil and gas exploration contracts worth a combined $2.2b on Tuesday, the Ministry of Petroleum said.
Egypt to Import Fuel Oil from RosNeft
The Egyptian General Petroleum Corporation (EGPC) has agreed to import six shipments of fuel oil (mazot) from Russia's RosNeft, by the end of 2015, said Petroleum Minister, Tarek El Molla.
EU to Loan Egypt $74m to Connect Households to Gas Grid
Egypt has signed a loan agreement with the EU for $74.5m (EUR 68m) to help finance a number of projects for the delivery of natural gas in Egypt, especially to poorest areas, reports Egypt Oil & Gas.
Tarek el Molla: EGP 15b Spent on Energy Subsidies in Q1
Tarek El Molla, Minister of Petroleum and Mineral Resources said that subsidies for petroleum derivatives in the first quarter of fiscal year 2015/2016 have reached EGP 15b, reported Egypt Oil & Gas.
Oil and Water Ministries to Cooperate on Minya Irrigation Project
The Ministry of Petroleum and Mineral Resources has signed a protocol with the Ministry of Water Resources and Irrigation to cooperate on drilling 500 wells in the area of West Minya, to access underground water for irrigation, Ahmed Anwar, Chairman of Sino Tharwa, told Egypt Oil and Gas.
Egypt’s Sino Tharwa Wins Algerian Bid
Ahmed Anwar, Chairman of Sino Tharwa, has informed Egypt Oil & Gas that the company has tendered for and won an international bid round in Algeria.
EGPC to Issue New Bid Round in December
Sources at the Egyptian General Petroleum Corporation (EGPC) have informed Egypt Oil & Gas that a new bid round will be announced at the end of December 2015.
