News / Egypt
BG reviews Egypt’s investments
Egypt's Prime Minister Dr. Essam Sharaf met with BG Group Chief Executive Sir Frank Chapman. Also attending the meeting was BG Group Executive Vice President and Managing Director for Africa, Middle East and Asia Sami Iskander and BG Egypt President Arshad Sufi. Egypt’s Natural-Gas Cuts May Cost Jordan $300 Million This Year
The cuts in Egyptian natural-gas deliveries twice this year because of sabotage attacks will cost Jordan a total of $300 million, or 1 percent of gross domestic product, analysts at Citigroup said. Novatek to Decide on Egypt in September After Writing Off Wells
OAO Novatek, Russia's second-biggest gas producer, will decide on further exploration at its development in Egypt in September after writing off some wells, Chief Financial Officer Mark Gyetvay said. Apache Expands Egypt’s Faghur Basin Play With Continued Drilling Successes
Apache Corporation today reported five new oil discoveries in its Faghur Basin play in the far southwest of Egypt's Western Desert oil and gas province. Circle Oil Sees Increase in 2011 Recoverable Resources
Circle Oil announced the 2011 update to Ultimate Recoverable Resources (''URR'')1 for the NW Gemsa Concession, Egypt, and the Sebou Permit, Morocco, which indicates a significant increase over the 2010 URR estimates for both permits. Saipem awarded new E&C Offshore contracts worth in excess of $1 billion
Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of $1 billion. Egypt Resumes Gas Supplies To Israel, Jordan
Egypt has resumed its gas supplies to Israel and Jordan after a 45-day gap caused by an attack on a pipeline in the Egyptian side of the Sinai desert, Egyptian officials said. Egypt’s Maridive sees strong 1Q2011 revenues, but reduced profitability
Egyptian oil support provider Maridive saw profits grow 19 per cent year-on-year for the first quarter of 2011 but still sparked concern about the company's dip in profitability. 
