The analytical report issued by Egypt Oil & Gas to assess the performance of Khalda Petroleum revealed disparities in the company's production indicators of crude oil and natural gas.
BG Egypt today announced gas production had started on 30 January 2012 from the second stage of West Delta Deep Marine (WDDM) Concession Phase 7, representing another successful milestone in the phased development of WDDM.
BP has won a tender to buy a cargo of jet fuel for loading in the first week of February from Egypt's Middle East Oil Refinery (Midor) traders said on Friday.
Citadel Capital SAE, the Egyptian private equity firm that has raised $3.7 billion to build an oil refinery, plans to start construction in the second quarter.
Kuwait Energy Plc, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, today announced a new oil discovery in Egypt's Ahmad-1X well, located in the Gulf of Suez's Area A concession.
Despite a deep funds crunch, the premier state public sector undertaking (PSU), Gujarat State Petroleum Corporation (GSPC) will not be dropping its plan to continue with oil and gas exploration in Egypt.
A gasoline shortage in Egypt has led to long queues at fuel stations and raised suspicions among drivers that it may be a prelude to a cut in subsidies, despite official reassurances that there is no plan to hike prices.
Badr Petroleum Company (Bapetco) finished the drilling of two development wells, BED-19-2 and BAHGA-U in the company's Alam El-Shawish West Block, in the Western Desert.
Agiba Petroleum Company revealed that its production rates of crude oil and natural gas have been, to some extent, consistent over the previous six months.
Belayim Petroleum Company (Petrobel) witnessed a steady production rate over the last quarter of 2011. The company concluded the year with the drilling of two wells, one exploratory and one development.