Ministry of Petroleum: Egypt to Sign 9 Agreements Worth $2.2bn

• Sunday, 26th July 2015
• by Egypt Oil & Gas

Nine petroleum agreements of about $2.2 billion will be finalized soon, according to a Ministry of Petroleum. The nine agreements include an agreement with the Tunisian HBS international oil company with investments of $9 million in Egypt’s western desert and two other agreements to renew the allocation of lands in Gamasa, a Mediterranean city in Dakahlia governorate, and Shoker el-Bahariya on the Gulf of Suez to the Petroleum Authority, according to the statement.

Egypt Forms New Council on Climate Change

• Thursday, 16th July 2015
• by Egypt Oil & Gas

The government has formed a national council for the climate change, headed by the Minister of Environment, with the aim of adapting to the effects of environmental changes, according to Prime Minister Ibrahim Mehleb.

Ministry of Electricity Allocates 92 sq. Km for Renewable Projects

• Wednesday, 15th July 2015
• by Egypt Oil & Gas

The ministry of electricity and renewable energy has completed allocating 92 sq. km for alternative energy projects that will be carried out under unified tariff regime, according to an official at the ministry of electricity.

EGPC Boosts Petroleum Products by 10%

• Wednesday, 15th July 2015
• by Egypt Oil & Gas

he Egyptian General Petroleum Corporation (EGPC) announced an increase in the domestic market supply of petroleum products by 10% to meet the expected increase in demand during the feast, reported Al Mal.

Exclusive: GUPCO Resumes Gas Production at M8 Gas Processing Complex

• Tuesday, 14th July 2015
• by Egypt Oil & Gas

Production had been effectively halted at GUPCO’s M8 gas processing unit and its attendant platforms after a fire that broke out in one of its connecting pipelines in 2004.

Egypt Signs Protocol to Establish Nuclear Power Technical School

• Tuesday, 14th July 2015
• by Egypt Oil & Gas

The technical education and training ministry signed a protocol with the ministry of electricity to established a technical school in the field of nuclear power.

New Study Assesses Energy Subsidies in Egypt

• Tuesday, 14th July 2015
• by Egypt Oil & Gas

A year after the government cut energy subsidies, including electricity, fuel oil and natural gas, the Egyptian Center for Economic Studies (ECES) released a study on the effects of the energy subsidy reform.

Saudi Arabia Invests $350m in Egypt’s Renewables

• Tuesday, 14th July 2015
• by Egypt Oil & Gas

Al-Jeel Al-Hader Co., a Saudi Arabian firm, has struck a $350m deal with Egypt to build power plants to generate electricity using alternative energy sources.

OGS and Schlumberger to Pool Training Efforts Regionally

• Monday, 13th July 2015
• by Egypt Oil & Gas

Minister of Petroleum and Mineral Resources Sherif Ismail witnessed the signing of a memorandum of understanding (MoU) between the Oil & Gas Skills (OGS) company and Schlumberger for the establishment of a joint oil industry Training Institute.

EGPC Studying Magapetco’s Hurghada extension request

• Monday, 13th July 2015
• by Egypt Oil & Gas

An official source at EGPC told Al Mal newspaper that the Magawish Petroleum Company (Magapetco) was in negotiations with EGPC to discuss the possibility of extending the oil exploration concession in Hurghada for a 10-year term.