News / Egypt
Khaled Abu Bakr: New Gas Find Will Change the Energy Map for Egypt and the World
Khaled Abu Bakr, Executive Chairman of Taqa Arabia, said that the greatest challenge facing Egypt is legislative
IEOC to Connect Mega Egyptian Gas Discovery to Port Said
IEOC, a subsidiary of Eni, will extend a 195km pipeline from Zouhr well Block 9 to the city of Port Said, reported Egypt Oil & Gas (EOG). Work on the pipeline will begin with development operations early next year.
EGAS to Import LNG from Sonatrach
EGAS is in negotiations with the Algeria's Sonatrach, to import LNG shipments starting from next year, reported Al Markazy.
EGPC to Issue Tender for 3 Rigs
Egypt Oil & Gas (EOG) learned that EGPC will issue a tender before the end of this year to lease 3 rigs. The rigs are to drill 5 new wells in fields operated by Petrobel and Khalda.
Egypt to Issue Tender for 300,000 Tons of Fuel
Sources at EGPC told Egypt Oil & Gas (EOG) that a tender for importing 300,000 tons of fuel and diesel will be issued end of September. The decision comes as part of the government's plan to have a 15 day stock of all petroleum derivatives on hand in order to deal with any sudden hike in demand.
Petroleum Ministry to Compensate Factories for Gas Shortages
Due to requests made by factory owners, the Ministry of Petroleum decided to supply fuel oil and diesel to cement and fertilizer factories, as a means to compensate the temporary lack of gas. Eni to Start Development of Shorouk Block in January
Development operations in the natural gas field off the country’s Mediterranean coast will start in January 2016, said Lapo Pistelli, V-P of the Italian company.
Nasr Petroleum Exports $296m Worth of Petroleum Products
Mohamed Orabi, Chairman of the Nasr Petroleum Company (NPC), confirmed that his company had refined about 2.5m tons of crude during the 2014-2015 fiscal year.
