News / Egypt

Dana Petroleum Egypt joint venture approved

Dana Petroleum plc (''Dana'') is pleased to announce that The Egyptian Ministry of Petroleum has approved ''Petro Kareem'' - a new joint venture between Dana and the Egyptian General Petroleum Corporation.

French company Total to open US$3 billion plant in Egypt

French energy company Total is on the verge of signing a contract with the Egyptian Petrochemicals Holding Company to establish a US$3 billion plant for the production of olefins by steam cracking of natural gas, said a Petroleum Ministry official.

Ganoub Dabaa drills an exploratory well

The Ganoub Al-Dabaa Petroleum Company announced the drilling of a new exploratory well in the South Dabaa Field, in the area of the Western Desert.

Naftogaz moves further in its 2011 plan

Naftogaz concluded the drilling of a new exploratory well, EHG 1-1, in the context of the company's 2011-2012 drilling program.

Ghorab: Oil sector investments up to $7bn since the revolution

Petroleum Minister Eng. Abdullah Ghorab stressed the importance of maintaining oil production and attracting more investments as well as signing more agreements to intensify operations of prospecting for oil and gas.

RWE to sell Egyptian assets to shore up finances – FT

German utility RWE has earmarked oil and gas assets in Egypt for sale in a bid to shore up its finances as Germany moves to exit nuclear energy, the Financial Times reported.

CROSCO Provides Drilling Services For SIPETROL In Egypt

CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce the commencement of drilling services for SIPETROL INTERNATIONAL S.A. Egypt Branch.

Bapetco deepens operations in Sitra

Badr El-Din Petroleum Company (Bapetco) invested $2.172 million in a drilling activity in the Alam El-Shawish Concession, onshore the Western Desert.

Petrodara drills in Hoshia development lease

Dara Petroleum Company (Petrodara), a subsidiary of TransGlobe drilled new development well Hoshia-14, in the Hoshia North field, onshore the Gulf of Suez Basin.

Methanex says to shut down Egypt plant

Canada's Methanex Corp, the world's largest methanol supplier, said it will shut down its plant in Egypt due to political unrest in the country, sending its shares down 2 percent.

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