News / Egypt

Price disagreement holds up Egypt gas deal with Qatar

A disagreement over pricing is delaying a gas swap deal between Egypt and Qatar intended to ease domestic energy shortages that have exacerbated the North African country's broader economic problems, people close to talks between the two countries said Monday.

Analysis: Italy, Spain seek new gas to reduce North African risk

Italy and Spain aim to reduce their dependence on North African natural gas imports, posing potential trouble for countries including Algeria, the one oil- and gas-rich country in the region so far spared from major social unrest.

Naftogaz to boost crude oil production in Egypt by 1.4 times before 2014

NJSC Naftogaz Ukrainy is to boost crude oil production in Egypt by 41.5% by the year 2014, to 7,500 barrels per day, up from 5,300 barrels per day, according to Naftogaz Deputy CEO Vadym Chuprun.

Egypt negotiates to deliver natural gas to homes in Iraq and Kurdistan

Egypt Gas Co. announced on Tuesday, conducting negotiations with the Iraqi Oil Ministry to agree on a number of projects, including the delivery of gas to homes.

Mr. Tarek El Barkatawy is the new EGPC Chairman

Mr. Tarek El Barkatawy is the new Chairman of the Egyptian General Petroleum Company (EGPC). Mr. El Barkatawy has a degree in Petroleum Engineering from Cairo University and over twenty years experience in the Egyptian petroleum sector.

Dana Gas Reports Strong Profit Growth for Q1 2013

Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, announces its financial results for the first quarter ended 31 March 2013 with a net profit after tax of AED 241 million (US$ 66 million), an increase of 17% as compared to AED 206 million (US$56 million) in Q1 2012. Revenue from the sale of hydrocarbons during Q1 2013 was AED 557 million (US$ 152 million).

Apache announces three new oil and gas discoveries in Western Desert, extends production base across vast concession areas

Apache Corporation announced drilling success with three new discovery wells in Egypt's Western Desert.

Dana Petroleum appoints new Managing Director in Egypt

Aberdeen-based Dana Petroleum has appointed Paul Barnett as the new Managing Director of its Egypt business.

Russia says Egypt asks for help with gas supplies to Europe

Egypt, struggling to meet domestic energy demand, has asked Russia to help it fulfil its gas supply contracts with Europe, Russia's Energy Minister was quoted as saying on Saturday.

Egypt Awards New Oil and Gas Contracts

Egypt recently awarded eight oil and gas exploration contracts for prospecting projects off the North Coast of the Mediterranean Sea. Companies inacluding BP, Petroceltic International, Sea Dragon, Pura Vida Energy and Dana Gas are paying a total of $73.2 million to secure the license deals, which require a minimum investment of $1.2 billion.

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