News / Egypt
Eni to invest $12 billion in Egypt
Italian producer Eni intends to invest $12 billion in natural gas operations in Egypt over the next five years, the Egyptian Ministry of Oil said today. Transglobe Energy announces well results at Nuqra Block 1, Egypt
The Narmer #1 exploration well was drilled to a total measured depth of 2,701 meters (8,860 feet) and subsequently plugged and abandoned. Fahmy: new initiative to bolster Euro-Mediterranean cooperation
Eng. Sameh Fahmy, Egyptian Minister of Petroleum and Andrea Cannito, the European Union President's envoy discussed the work program of bolstering cooperation of the Mediterranean Basin states, comprising Italy, France, Portugal, Spain, Egypt, Libya, Algeria, Tunisia, and Morocco, through an economic perspective achieving the targeted interest of all parties. SUMED: LE 1.2 billion Egyptian revenue from petroleum transportation
The Arab Petroleum Pipeline Co (SUMED) recorded exceptional figures in its net profit which counted for LE 1.2 billion and the quantity of crude oil shipped last year. Egypt to establish crude oil storage facility
Egypt plans to construct a company to build a million-tone storage facility for Gulf crude oil in the country's Mediterranean city of Sidi Kerir in 2008, a senior Oil Ministry official said. OAPEC to hold meeting in Cairo May 28
The ministerial council of the Organization of Arab Petroleum Exporting Countries (OAPEC) will hold its 78th meeting in Cairo on May 28. French State “to decide Suez-Gaz de France merger”
The French state is responsible for making the decision whether or not the planned merger between Suez and state-controlled Gaz de France (GdF) can go ahead, Suez boss Gerard Mestrallet said. Major Egyptian contract win signifies international growth for WTR
Aberdeen-based WTR, who provide engineered composite pipe repair services to the oil and gas industry, as well as water, defense, power and other industrial sectors, has secured a major contract win with GUPCO (The Gulf of Suez Petroleum Company) worth a seven figure sum. 
