News / Egypt
New Oil Tally for Rally in Egypt’s West Issaran
Rally has successfully completed drilling of the West Issaran No.1 exploratory well to a total depth of 2,552 feet. The well was drilled to evaluate the potential of the three main Issaran producing formations, and according to the company, oil pay was encountered in two of the three formations. Devon in talks with buyer for its Egyptian assets
The chief executive of oil and gas producer Devon Energy Corp. on Monday said it is in talks with a buyer for its Egyptian assets and said it did not need to make any large acquisitions to meet its growth targets. Significant discovery by OVL and IPR in Gulf of Suez
ONGC Videsh Ltd. (OVL) and its partner IPR Red Sea Inc. have made a significant new oilfield discovery in their first exploration well North Ramadan-1A in the North Ramadan Concession, Gulf of Suez, Egypt. Apache’s Jade-1X Encounters Gas in Egypt’s Western Desert
Apache says that the Jade-1X well has discovered natural gas on the company's Matruh Concession in Egypt's Western Desert. Perenco Increases Stake in ONS Concession
Perenco has completed the acquisition of a further 50% interest in the Offshore North Sinai Concession (ONS) in Egypt through the purchase of Burlington Resources Egypt Limited from ConocoPhillips. Four local banks finance $450 million for Port Said propylene plant
CAIRO: A consortium of four banks, headed by Commercial International Bank (CIB), has finalized a deal with the Egyptian Propylene and Polypropylene Company (EPPC) to finance $450 million (LE 2.6 billion) for the establishment of a new processing plant in Port Said. Fahmy discusses mutual cooperation with the World Society of Petroleum Engineers (SPE)
Eng. Sameh Fahmy, Egyptian Minister of Petroleum and Abdel Galil Al Khalifa, President of the World Society of Petroleum Engineers (SPE) for the Middle East region discussed mutual fields of cooperation between the Egyptian Petroleum society and SPE, particularly in the domain of exchanging expertise in the whole value chain of the oil and gas and petrochemicals. Egypt steps on the gas
Egypt expects its natural gas output to rise to 56 billion cubic meters in 2007, an 11% rise on 2006's production, the country's Minister of Petroleum Sameh Fahmy said today. 
