News / Egypt

Apache to Keep Assets in Egypt

Apache Corp has tabled its plans to sell or spin-off its businesses in Egypt and the North Sea because those projects generate needed cash in a time of low crude oil prices, the CEO said on Thursday.

Gazprom Plans LNG Deal With Egyptian Petroleum Ministry

The Ministry of Petroleum and Mineral Resources will sign a commercial contract by the end of this month with Russian company Gazprom for 35 liquefied natural gas (LNG) shipments.

Egypt Inks New Nuclear Power Plant Deal With Russia

Egypt's President Abdel Fattah El-Sisi and Russian President Vladimir Putin have signed an agreement for Russia to construct a nuclear power plant to generate electricity in Egypt, the Ahram Arabic news website reported on Tuesday.

12 New Projects to Be Announced in EEDC: Petroleum Ministry

The Ministry of Petroleum announced Monday it was prepared to announce 12 projects during the Egypt Economic Development Conference (EEDC) scheduled to be held in Sharm el-Shiek next March, Youm7 reported.

Egypt Signs Deal for 33 LNG Cargoes with Trafigura

The Egyptian government is continuing its efforts to lock in foreign LNG volumes, and has signed a deal with trading house Trafigura for 33 cargoes.

Oil and Gas Deals Worth $9.2 Billion Underway in Egypt

Egypt has three major oil and gas deals worth a total of $9.2 billion underway, after attracting investment of about $2.9 billion for oil and gas exploration in just over a year, a spokesman for the energy ministry told Reuters.

Egypt’s Gas Production Will Not Increase in FY 2015/2016

Gas production in the next fiscal year (FY) 2015/2016 will not increase, according to a senior official at Egyptian Natural Gas Holding Company (EGAS).

EGAS Chairman: Noble Energy in Egypt for Cyprus Imports

A Noble Energy delegation arrived in Egypt to resume negotiation with state-run Egyptian Natural Gas Holding Company (EGAS) to discuss importing gas from the Aphrodite field in Cyprus.

Noble Energy in Egypt for Israeli Gas Import Talks

A delegation from American oil firm Noble Energy is in Egypt for talks with the state gas company about importing Israeli gas to energy-starved Egypt, sources at the airport and the oil ministry said on Sunday.

Dana Gas Increased Production By 8% from Previous Year

Dana Gas, the sixth largest gas producer in Egypt, announced on Sunday that its daily production reached 40,000 barrels of oil per day, an 8% increase compared to the previous year.

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