News / Egypt
Eni Signs New Concession Agreement in The Western Desert
Italy's Eni has signed a new concession agreement to operate in the South-West Melehia block in the Western Desert of Egypt, as Cairo continues to look to international operators to boost its flagging production.
Transport Ministry and Suez Canal Authority Refuse to allocate Port Said Pier for LNG Boat
A senior Ministry of Petroleum official said the Ministry of Transportation and Suez Canal Authority refused to allocate a pier at Port Said to receive a second regasification boat. The boat would allow shipments of liquefied natural gas (LNG). Egypt Signs Six New Exploration Agreements
The Petroleum Ministry said that it signed oil and gas exploration agreements in the Western Desert and Gulf of Suez.
Circle Oil receives $15 Million Payment from Egyptian Government
Oil and gas explorer Circle Oil said on Friday it had received a $15 million payment from the Egyptian government as part of Egypt's plan to pay off debts owed to energy companies operating in the north African nation.
Electricity Sector’s Debts Repayment to Petroleum Ministry Scheduled
Egypt's Petroleum and Electricity Ministries have reached an agreement to reschedule debts owed to the Ministry of Petroleum by the electricity sector in the upcoming months. The debts have reached EGP 44 billion.
EGAS: Ongoing Talks with Foreign Firms to Boost Egypt’s Gas Production
State-run Egyptian Natural Gas Holding Company ( EGAS ) is negotiating with largest international firms in Egypt to enlarge gas production rates, said chairman Khaled Abd El Badee on Monday.
Banque Du Caire plans EGP2bn for Egypt’s Energy, Transport Sectors
Banque Du Caire is studying pumping 2 billion Egyptian pounds (around US$280 million) in a number of fertiliser, petrochemical, oil and transport projects within 2015.
Idku plant LNG exportation collapses 2014: BG official
The Idku liquefied natural gas (Idku) factory exports decreased from approximately 50 LNG shipments in 2013, to 5 shipments in 2015, according to a senior British Gas (BG) official.
