News / Egypt
Apache settling back in Egypt
Apache President and Chief Corporate Officer Roger Plank said that Apache in two weeks will send the last of its employees back into Egypt after evacuating them earlier this year amid the African nation's civil unrest. Egypt to invest $ 1.7 billion in power generation
Egyptian Minister of Electricity and Energy, Dr. Hassan Younis has allocated $ 1.7 billion (EGP 10 billion) to generate an additional 2,680 megawatts of electricity to meet high summer demand. Circle Oil: Gulf of Suez well sidetracked
Circle Oil announced an update regarding the Al Amir SE-7X water injector well located to the west of the Al Amir SE-4X well in the Al Amir Development Lease. Al Amir SE-7X, which started drilling on 27 November 2010, has been successfully sidetracked and has now reached target depth ("TD") at 15,600 ft measured depth ("MD") in the Lower Rudeis. Oil tanker with Libyan crude enters Suez Canal
An oil tanker carrying 80,000 tons of crude from rebel-held east Libya entered Egypt's Suez Canal on April 9 heading towards the Red Sea, a canal official told Reuters. Government raises its stake in controversial Egyptian Refining Company
The Egyptian General Petroleum Corporation raised its stake in Egyptian Refining Company, upping overall public stake to 49.5 per cent in a new oil refinery, says company's chairman. Egypt: Frac jobs boost Kom Ombo oil output
Gross production from Al Baraka field on the Kom Ombo block in upper Egypt is averaging an estimated 900 b/d of oil, said Sea Dragon Energy Inc., Calgary, cooperator of the concession with Dana Gas Egypt. Lebanon Seeks to Resume Egypt Gas Imports
Lebanon's caretaker Prime Minister Saad Hariri will discuss the resumption of natural-gas imports from Egypt during talks in Cairo, according to Mohammad Shatah, his economic adviser. Egypt Citadel Capital to delay Taqa Arabia IPO
Egypt's Citadel Capital has postponed plans for the initial public offering (IPO) of its electricity and natural gas distributor Taqa Arabia because of lower valuation prospects, according to a senior executive. 
