News / Egypt
Egypt Pays Foreign Oil Companies $6.5 Billion Owed, Borsa Says
Egypt's government paid foreign energy companies $6.5 billion in overdue payments owed this year, Al Borsa reported, citing Oil Minister Osama Kamal. Oil multinationals bid for Upper Egypt gas fields
The Egyptian government has invited top oil multinationals to bid for exploration licenses in sites located in Upper Egypt known for being rich in natural gas and petroleum, Sherif Ismail, chairman of the state-owned Ganoub El-Wadi petroleum holding company (GANOPE), told Al-Ahram daily newspaper. ECPC Deputy Dismissed by Petroleum Minister
The Minister of Petroleum Osama Kamal dismissed the Deputy of Operations at EGPC, Nasr Abo El-Seoud, due to the current diesel crisis which resulted in numerous protests from minibus drivers, the primary consumers of the vital fuel. Success for Apache on Khalda Ridge
Apache Corporation reported that the Amoun NE-1X discovery on the north flank of Egypt's Khalda Ridge producing complex tested at a combined rate of 3,186 barrels of oil and condensate and 11 million cubic feet of natural gas per day from two zones in the Jurassic-aged upper and lower Safa formations. Dr. Hany El Sharkawi Assumes Executive Leadership of Cheiron Petroleum
The Board of Directors of Cheiron Petroleum Holdings Ltd. (CHL) is pleased to announce that Dr. Hany Elsharkawi has joined the company as the Chief Executive Officer. Dr Hany holds an M. SC and PhD degree from the University of Manitoba, Canada and a B. SC degree from University of Alexandria Egypt. Egypt gas exports up 4% in 2012: IDSC
Egypt exported $22 billion worth of natural gas last year, 4 percent more than in 2011, according to a report on Economic and Social Indicators released in February by the state-run Information and Decision Support Centre (IDSC). Egypt says has signed debt deals with Petronas, BG Group
The Egyptian government has signed agreements with Malaysia's Petronas and Britain's BG Group to reschedule debt owed by Cairo, the minister of petroleum, Osama Kamal, told reporters on Tuesday. Egypt Plans to Pay Foreign Oil Firms Partially in Pounds
Egypt plans to repay a quarter of its about $9 billion debt to foreign oil companies in Egyptian pounds, the independent El-Watan newspaper reported, citing Industry and Foreign Trade Minister Hatem Saleh. 
