News / Egypt
AMOC share price set at 95 LE
The Egyptian Ministry of Investment (MOI) has drawn back its original strategy to sell Alexandria Mineral Oils Company (AMOC) stake as it decided to set the price of a 50% stake in AMOC at LE95 per share for the 43 million shares offered, reported the Daily Star. Dana Gas completes acquisition of Centurion Energy International
Dana Gas PSJC, the first regional private-sector gas company in the Middle East, announced that its agreement to acquire Centurion Energy International Inc has been approved and completed as planned. A Season of Acquisitions and New Technology
Thirty years of operating has not meant stagnation in Drexel’s product and service lines. Every year, innovative technologies and new brand names are added to the already extensive array of oil and gas provisions offered by Drexel in every area. Fahmy: Ministry of Petroleum seeks expansions in natural gas use
Egypt’s Minister of Petroleum Sameh Fahmy said that the ministry’s strategy aims to expand the use of natural gas in the various domains, giving priority to the needs of the domestic market and exporting the surplus. Statoil gets a second award of exploration in Egypt
Following an international bidding round, Norway’s Statoil ASA has been offered an operating 80% stake in a deepwater block off Egypt, Block 10, in the Mediterranean Sea. Egypt, Russia sign joint oil and gas production agreements
Gazprom, Russia’s state-controlled gas monopoly announced that it achieved an agreement with two Egyptian companies on joint prospecting, exploration and production of oil and natural gas in Egypt. Emirate’s Al Thani Company to explore oil and gas in Siwa
Egyptian Minister of Petroleum, Sameh Fahmy and Abdullah Said Abdullah Al- Thani, chairman of Al-Thani Corporation signed two agreements for oil and gas exploration in South Siwa. Fahmy and El-Allaw discuss the third phase of the Arab Gas Pipeline
Sameh Fahmy, Egypt’s minister of petroleum discussed with the Syrian Minister of Petroleum and Mineral Resources Soufian El-Allaw the undergoing work progress in the Arab Gas Pipeline, during a meeting held in Cairo. 
