News / Egypt
Beirut Fund Invests $20 in Egypt-based Energy Firm
Capital Trust Group said its EuroMena II fund invested $20 million to increase the capital of Sakson Petroleum Services Holding S.A.L., an Egypt-based provider of oil and natural-gas drilling services. Circle Oil provides operating update in Egypt
Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce the following update regarding the Al Amir SE field and the Geyad field. Egypt struggles to buy fuel as credit dries up
Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug on credit and charge high premiums due to concerns over its financial and political stability, trading and banking sources said. Maridive posts $22.8m in losses during first half of 2012
Following a decrease in the volume of projects, contracts and occupancy rates, Maridive and Oil Services (MOIL) Egypt, faces a tough fiscal position. MOIL recently completed most of its contracts, including Aramco Saudi and the Indian project Onge and revenues from the projected during the second quarter of 2012 have come to a halt. Minister of Petroleum discussed business plans with the heads of foreign companies over the coming period
Eng. Osama Kamal, Minister of Petroleum and Mineral Resources held a meeting with several heads of foreign companies operating in Egypt, British Petroleum (BP) and the German RWE, Malaysia's Petronas and British Gas and Gaz de France. Naftogaz reports increased crude oil yields from Egypt deposits
Ukraine's national oil and gas company Naftogaz Ukrayiny produced 113,000 barrels of crude oil from deposits in Egypt in the second quarter of 2012, up 10.8% from 102,000 barrels in the first quarter, the Energy and Coal Industry Ministry said in a statement Friday. Egyptian Oil Flows from EPT in Excess of 2,500 Barrels Per Day
Extended production tests of the successful exploration wells in Abu Sennan, Egypt, commenced last week. The tests will continue for 6 months and to date have yielded a combined flow rate of up to 2,524 barrels of oil per day, with associated gas. Circle Oil announces operating update in Egypt
Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce the following update regarding the Al Amir SE Field (''AASE'') and the Geyad field. 
