News / Egypt

Egypt Debt to IOCs Stands at $3b

During a press conference, Tarek El Molla, Minister of Petroleum and Mineral Resources, said that currently the debt owed to foreign oil companies stands at $3b, reported Egypt Oil & Gas.

Energean Oil & Gas to Start Seismic Surveys in West Kom Ombo

Energean Oil & Gas has appointed AGS–Afro to conduct a 2D seismic survey in its West Kom Ombo concession area, in support of the company’s new $6m investment program in Egypt.

Egypt’s Renewable Authority Working out Framework for Waste-To-Energy

Egypt’s New and Renewable Energy Authority (NREA) is preparing to introduce a feed-in tariff for waste-to-energy (WTE) projects

Russia’s Rosneft to Supply Egypt

The Egyptian government has agreed to import petroleum products from major Russian oil companies, reported Russia Today.

BP Commits $229M to Three Offshore Blocks with Eni and Total

BP Plc announced on Wednesday that it had been awarded three new offshore exploration blocks in Egypt with a total investment commitment of $229 m from BP and its partners

Apache Finalizes Studies on Obayyed Shale Gas Reserves

Apache has completed the necessary studies to research and explore shale gas in the Obayyed field in the Western Desert for the first time in Egypt, reported Egypt Daily News.

Egypt to Import 2m Tons of Crude from Iraq

A government source informed Egypt Oil & Gas that the Cabinet is considering fuel suppliers offers to import oil from Iraq starting from January 2016. This was especially in light of the fuel crisis that periodically returns as over the past two months.

EGPC to Boost Fuel Supply

EGPC Vice Chairman for Operations, Amr Mostafa, told Egypt Oil & Gas that a decision was taken to pump 38,000 tons of diesel and 18,000 tons of gasoline to all fuel stations in the country to eliminate some of the traffic jams at petrol stations due to lack of petrol 92.

Cyprus Proposes Connecting Aphrodite to Egypt’s Zohr

Cyprus Mail quoted Cypriot Energy Minister Giorgos Lakkotrypis recommending building a pipeline to connect Cyprus' Aphrodite filed to Egypt’s newly-discovered Zohr gas field, instead of laying a pipeline straight from the Aphrodite reservoir to Egypt.

Egypt to Connect 2m Households to the National Gas Grid by 2017

A source in petroleum ministry revealed to Egypt Oil & Gas the national plan for delivering natural gas to households until the end of 2017, which includes 2m households in 26 governorates.

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