News / Egypt

First Oil Well 1,500 Meters Deep North of Damietta

The first experimental offshore well has been drilled as deep as 1,500 meters north of Damietta in the Mediterranean as research indicated oil and gas reserves in this area, according to a report Petroleum Minister Eng. Abdullah Ghorab received from Eng. Mohamed Shoaib, the Head of the Gas Holding Company on means to promote oil and gas finds.

Agiba Drills Two New Wells

Agiba Petroleum has completed the drilling of two new Western Desert wells during the month of March. The endeavor came in the context of Agiba's development plan for 2011/2012 fiscal year.

Apache Spuds Dry Hole in Sallum

American operator Apache Corporation drilled a new exploratory well last march, situated in the Western Desert. The operation comes in consistence with Apache's drilling plan for the 2011-2012 fiscal year.

Egypt Oil Ministry Gets $100 Million to Buy Additional Fuel

Egypt's finance ministry said it had given the oil ministry an additional $100 million to buy petroleum products.

Defense Ministry approves tender for gas exploration in Mediterranean

The Petroleum Ministry has obtained approval from the Defense Ministry for the Egyptian Natural Gas Holding Company (GASCO) to offer a tender for international companies to explore for gas in the Mediterranean Sea for the first time, in four areas near Egypt's eastern border with Israel.

Petrobel Expands Well Portfolio

Belayim Petroleum Company (Petrobel) has concluded drilling operations for two new developmental wells, the 113-M-113 well and the EBLS-2 well in adherence to its drilling plan for the 2011-2012 fiscal year.

Further Western Desert Exploration by Edison

Italian petroleum operator Edison has completed the drilling of two exploratory wells located in the company's concession in the Western Desert, which comes in the context of its 2011-2012 exploration plan.

Bapetco Hits Dry in the Western Desert

Badr El Din Petroleum Company (Bapetco) has concluded the drilling of a new exploratory well in its Western Desert concession area as part of its exploration plan for the 2011-2012 fiscal year.

New Developmental Well by Rashpetco in the Mediterranean

Rashid Petroleum Company (Rashpetco) has successfully completed drilling a new developmental well in West Delta Deep Marine concession, in the context of its development plan for the 2011-2012 fiscal year.

Egypt studies USD 6 billion oil refining and petrochem projects

Egypt's Industrial Development Authority is examining proposals from several investors worth EGP 48 billion for developing downstream oil and gas projects including refineries and petrochemicals production.

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