News / Egypt

EGPC Secures Revolving Letter of Credit to BP

Osama Kamal, Former Ministry of Petroleum, told Daily News Egypt that the North Alexandria deal includes a revolving letter of credit worth the contractor’s share value in the gas that is renewed every three months.

Eni to Produce 70,000 Boepd from Nile Delta

Eni has announced in a press release the success of the appraisal well "Nidoco North West 3," in the Nooros exploration prospect, located in the Abu Madi West license in the Nile Delta.

EGAS, Eni in Negotiation to Speed Up Linking Shorouk to Grid

The Egyptian Natural Gas Holding Co. (EGAS) is holding intensive meetings with Italian Eni officials to speed up linking Eni's new discovery Zohr field, in the Shorouk concession to the national gas grid, reported Daily News Egypt.

GUPCO Updates its Infrastructure in July Field

An official source with GUPCO told Egypt Oil & Gas that the company had completed the restoration of the J-15 marine production platform in the July field, Gulf of Suez.

Scatec Solar Begins Work in Zafarana & Benban

The Norwegian solar developer, Scatec Solar, has begun ground activities at two sites in Egypt, Benban and Zafarana, to develop 250 MW of solar PV capacity, reports PV Magazine.

Energean Appoints New Country Manager Egypt

Energean Oil & Gas, an exploration and production company focused on the Mediterranean and North Africa, has appointed Dr. Medhat Tarakhan as Country General Manager in Egypt, reported Oil & Gas Financial Journal.

Exclusive: Zohr’s Financial Agreement & Seismic Data

Egypt Oil & Gas was able to obtain maps, and financial details regarding the Zohr discovery.

Khaled Abdel Badie: Stable Gas Supply to Fertilizer Factories

EGAS Chairman, Khaled Abdel Badie, affirmed the regularity of the natural gas supply to fertilizer factories, reported al-Masry Al-Youm.

GPC to Boost Production by 5,000 b/d

Ahmed Jiddawi, Chairman of the General Petroleum Company (GPC) production department, said that his company has devised a new production plan meant to up production to approximately 5000 b/d of crude oil. This was after drilling three new wells, one in the Gulf of Suez, one in the Western Desert, and one in the Eastern Desert, reported Egypt Oil & Gas.

Zohr Improves Egypt’s Worldwide Ranking

A source at the Petroleum Ministry told Egypt Oil & Gas that Eni's recent giant gas discovery "Zohr", with 30 tcf of gas reserves, will raise Egypt's worldwide petroleum ranking to 12 instead of 18, reported Egypt Oil & Gas.

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