News / Egypt

Egyptian minister: We can’t stop gas supply to Israel

To complaints that Egypt is losing $ 13 million a day on natural gas exports to Israel, Petroleum Minister Abdallah Ghorab responded: There is no global gas price.

EGAS raises price of gas sales to Union Fenosa

The Egyptian Natural Gas Holding Co. (EGAS) signed an agreement allowing it to increase the price of natural gas sold to Union Fenosa SA, to reflect soaring global crude prices, according to an official for the Egyptian company.

Sinai officials to ask Saudi Arabia to halt oil dig in Red Sea

''Saudi Arabia must stop digging for oil in the Red Sea until impact assessments on marine life have been made,'' diving and environment officials say.

WASPETCO plan approved

Wadi El Sahl Petroleum Company (WASPETCO) gained the approval of the Egyptian General Petroleum Corporation (EGPC) to go through with its current fiscal plan of the year 2010-2011 in the area of Hurghada.

West Bakr ready for more drilling

West Bakr Petroleum Company finalized the bid round for drilling of a new exploratory well in the company's acquisition area in the Eastern Desert.

Pharaonic intensify the Port Said drilling

Pharaonic Petroleum Company is preparing to drill an exploratory well in its concession area of Port Said during the middle of the current year of 2011, according to the company's drilling plan.

PetorAmir reserves to rise

PetroAmir reserves reached 30 million barrels of crude oil and 30 billion cubic feet of gas, revealed top official to Egypt Oil & Gas Newspaper.

Abu Qir raises production levels

Abu Qir Petroleum Company is currently preparing to finalize the second stage of North Abu Qir-3 field (NAQP_II) in the company acquisition area in the Mediterranean Sea.

Tanmia and Naftogaz into more success

Tanmia Petroleum Company is currently working on expanding its operations in the petroleum services sector, especially in the early production process and also the its constant eager to provide latest rigs for the Egyptian market.

Report: Egypt could increase gas export by 27%

Egypt has a great potential for exporting gas and could increase its production up to 27.66 percent over the next 10 years, said a report by the Business Monitor International.

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