News / Egypt
TransGlobe sums up Q3 operations updates
TransGlobe Energy Corporation provided a mid-quarter production and operations update for the West Gharib, West Bakr, East Ghazalat and South Alamein blocks during the third quarter of 2011. BORAPETCO invests $4.295 in Western Desert
The Borg El-Arab Petroleum Company (BORAPETCO) drilled a new development well, OBAD-31, in the Western Desert. Israel spends extra $2.67 million daily due to Egypt gas stoppage
Attacks on the Egyptian pipeline delivering natural gas to Israel cost the Jewish state an average of 10 million shekels (US$2.67 million) a day over the summer months, Israel's Ministry of National Infrastructure (MNI) said this week, according to Israel's Globes business daily. Sea Dragon Energy closes a US$50 million loan facility
Sea Dragon Energy Inc. is pleased to report the closing of a 5-year senior secured US$ 50 million loan facility with BNP Paribas and HSBC Bank PLC. Ex Israeli Minister: Egypt is not contractually bound to export gas to Israel
''Egypt is not legally obligated to export gas to Israel, nor is it committed to any financial penalties in case of interruption or discontinuation of gas exports to Israel,'' said Joseph Paritzky, Israel's former Energy and Infrastructure minister. Tension between workers and Egypt army at SUMED oil port on the Red Sea
Workers at Arab Petroleum Pipelines Company (SUMED), operator of the Suez to Mediterranean pipeline, have resumed their campaign for equal employment rights after months of calm. Rashpetco deepens in the Mediterranean Area
Rashid Petroleum Company (Rashpetco) completed the drilling of a new development well, Saffron DO, in the West Delta Deep Marine block, in the area of the Mediterranean Sea. SUCO develops the Ras Fanar field
Suez Oil Company (SUCO) drilled a new development well, RF-B13 in the Ras Fanar fields, offshore Gulf of Suez Basin. 
