News / Egypt
A Season of Acquisitions and New Technology
Thirty years of operating has not meant stagnation in Drexel’s product and service lines. Every year, innovative technologies and new brand names are added to the already extensive array of oil and gas provisions offered by Drexel in every area. Fahmy: Ministry of Petroleum seeks expansions in natural gas use
Egypt’s Minister of Petroleum Sameh Fahmy said that the ministry’s strategy aims to expand the use of natural gas in the various domains, giving priority to the needs of the domestic market and exporting the surplus. Statoil gets a second award of exploration in Egypt
Following an international bidding round, Norway’s Statoil ASA has been offered an operating 80% stake in a deepwater block off Egypt, Block 10, in the Mediterranean Sea. Egypt, Russia sign joint oil and gas production agreements
Gazprom, Russia’s state-controlled gas monopoly announced that it achieved an agreement with two Egyptian companies on joint prospecting, exploration and production of oil and natural gas in Egypt. Emirate’s Al Thani Company to explore oil and gas in Siwa
Egyptian Minister of Petroleum, Sameh Fahmy and Abdullah Said Abdullah Al- Thani, chairman of Al-Thani Corporation signed two agreements for oil and gas exploration in South Siwa. Fahmy and El-Allaw discuss the third phase of the Arab Gas Pipeline
Sameh Fahmy, Egypt’s minister of petroleum discussed with the Syrian Minister of Petroleum and Mineral Resources Soufian El-Allaw the undergoing work progress in the Arab Gas Pipeline, during a meeting held in Cairo. EIB offers 50 million euro loan to Egypt’s gas line project
The Egyptian Minister of Petroleum Sameh Fahmy announced that the European Investment Bank (EIB) will finance Egypt’s south-bound gas pipeline with a 50-million-euro loan, reported MENA news agency. BP Egypt to invest $5 billion in local energy industry
British Petroleum (BP) revealed its plan to increase its investments in Egypt to $20 billion, as it announced its intention to invest around $5 billion in the local oil industry over the coming five years making the company the largest foreign investor in Egypt, reported the Daily Star. 
