News / Egypt
NORPETCO awaits its new rig
North Bahariya Petroleum Co. (NORPETCO) is awaiting the arrival of the new rig by the end of this month to start the drilling operations of the current fiscal year of 2010-2011. UAE’s Dana Gas shares up as Egypt fears settle down
Dana Gas closed higher after regional political developments in Egypt and Iraq appear to be settling down, analysts said. The UAE gas explorer and producer rose 2.9% at the close of play on the Abu Dhabi Securities Exchange, adding to its 3% gain made the previous day. Operations persist in Burg El Arab
The East West Petroleum has been informed by its partner Kuwait Energy, the operator of the Burg El Arab (BEA) concession, that the operations remain unaffected by the recent events in Egypt. Kuwait Energy, as operator, continues to monitor the situation closely. Sea Dragon provides an operational update on Egypt
Sea Dragon Energy Inc. wishes to provide the following update on its Operations in Egypt. Egypt gas supply to Israel to resume in Feb-Ampal
Egyptian gas supplies to East Mediterranean Gas Co (EMG) and its Israeli clients were expected to resume later this month following delays in pipeline repair work, said Ampal-American Israel Corp. Fahmy “may resign” from the Ministry!
"Eng. Fahmy would resign today from his post as the Egyptian Ministry of Petroleum," announced a top official. Fahmy: I did not quit! (Update)
"I did not resign and I do not know where did this rumor come from?" said the Egyptian Minister of Petroleum Eng. Sameh Fahmy in a phone call with the state-owned Al-Ahram Newspaper. Crude falls on Mubarak resignation
US crude settled at a two-month low as Egyptian President Hosni Mubarak's resignation calmed fears that growing unrest in the country would disrupt key oil-supply routes. 
