News / Egypt
Priority for Development – Egypt Satisfying Local Needs of Gas
In order to confront increasing demand on natural gas in Egypt, a decision has been taken for extending natural gas supplies to all governorates in a period of seven years. Top priority would be given to satisfying the local needs of gas in the various sectors. Egypt gas deal overshadows Israel Tamar project
Subsidiaries of conglomerate Israel Corp are to buy Egyptian natural gas in a 20-year deal worth between $5 billion and $10 billion that adds to uncertainty over the future of Israel's own Tamar gas development. Al-Amal in business with Petrojet and Enppi
Al-Amal Petroleum Company assigned the implantation of developing Al-Amal field, located in Gulf of Suez, to the Petroleum Projects & Technical Consultations Co. (Petrojet) and the Engineering for the Petroleum & Process Industries (Enppi). The project total cost is expected to reach $245million, and it is included in the fiscal plan of 2010-2011. Eshpetco to start its new drilling plan
Esh El Mallaha Petroleum Company (Eshpetco) offers a bid in order to rent a new rig to start conducting its drilling plan for the current fiscal year of 2010-2011 in its acquisition area of West Esh El Mallaha field in Hurghada. Energizing the Egyptian Future
Egypt's International Economic Forum held a seminar in Sky Resort in New Cairo yesterday and it was organized under the motto ''Energizing Egypt's Future: The Outlook for Oil & Gas''. Azerbaijan, Egypt to discuss oil and gas cooperation
Azerbaijan and Egypt will discuss cooperation in the oil industry during Energy Minister Natig Aliyev's visit to Cairo on 14 to 18 December. Circle Oil sales increase due to new oil wells in Egypt
As eight new wells are explored in Egypt, the revenues of Circle Oil heads skywards. Kuwait Energy sells 20% of Burg El Arab concession in Egypt to East West Petroleum
Kuwait Energy Company, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced it has sold a 20% participation interest from its contractor's share in the Burg El Arab concession in Egypt to Calgary-based oil and gas company East West Petroleum Corporation. 
