News / Egypt

5288 Extra Barrels of Crude Oil Discovered in 2015

Crude oil and derivatives production rates from new petroleum discoveries made during the period from January to July totaled 5288 b/d in Egypt.

Italy’s Edison to Build 180MW Power Plant in Egypt

Egyptian investment company Qalaa Holdings and Italian gas company Edison signed a Joint Development Agreement on Thursday to build a 180 MW power plant in Egypt.

Sherif Ismail: Egypt Strikes 3 New Gas Discoveries

Egypt announced three new petroleum discoveries in Gulf of Suez, Eastern and Western desert with total reserves of 21.2 million barrels of oil and 11 billion cubic feet of gas.

Italy’s Technip Lands Deal to upgrade Egypt’s ASORC & MIDOR

Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements valued at a total of US$2.9 billion with Egypt-based companies for upgrades of two refineries there.

Egypt to Build a Compound Powered by Solar Energy

A total of EGP 500m in investments will be injected by the Modern Company of Real Estate Investment (MCR) into an integral compound operated by solar power.

BG Egypt Appoints New President

BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as its president, the company said in a statement on Sunday.

Deadline for Egypt’s 2nd LNG Tender End of July

The Egyptian Natural Gas Holding Company (EGAS) issued a second international bid for foreign companies to supply 45 liquefied natural gas (LNG) shipments until the end of 2016.

Eni Strikes Huge Discovery in Nile Delta

Italy's oil and gas company Eni has discovered gas reserves of up to 15bn cubic meters in the Egyptian Nile Delta, Reuters reported.

Sherif Ismail Signs Update to Eni Agreement

Egypt and Eni on Friday signed an update to the head of agreement reached in March, following the recent discovery of gas reserves of up to 15 billion cubic meters in Egypt's Nile Delta region.

Egypt to Pay Part of Its Dues to Foreign Companies by End of 2015

The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the end of the year, said Tariq al-Mulla, chairman of the authority.

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