News / Egypt
Europe Distillates-Diesel firms on demand, arb opens
Spot premiums on diesel cargoes and barges held steady at strong levels as tight supplies and demand from Egypt offset the opening of the arbitrage window from the United States, traders said. Oil minister: No increase in fuel prices
Egypt's oil minister dismisses any imminent rise in petroleum product prices and unveils arrangements for an upcoming gas production summit. Dana Petroleum Makes Discovery At Nefertiti
Dana Petroleum announced a successful exploration well at the Nefertiti prospect in the South October production sharing contract area (Dana 65% and operator, Inpex 35%), Gulf of Suez, Egypt. The highly deviated well was drilled from an onshore location to an offshore target between 12th July and 14th November 2010. NPC announces oil production increase in the Shukheir Bay Field
The National Petroleum Company (NPC), the upstream oil and gas Platform Company of Citadel Capital, the leading private equity firm in the Middle East and Africa, announced that it has increased its production by 1,700 barrels of oil per day (BOPD) in the Sukheir Bay Field located approximately 125 km north of Hurghada on the western coast of the Red Sea. Egyptian national killed in southern Nigeria: police
Unknown gunmen have killed an Egyptian national on a notorious highway near southern Nigeria's oil hub of Port Harcourt, police said. Esh El Mallaha and LUKOIL to drill more in Hurghada
Esh El Mallaha Petroleum Company (Eshpetco) is planning to conduct its drilling plan for the current fiscal year of 2010-2011. The plan includes drilling two development wells and the possibility of drilling an exploratory well in the West Esh El Mallaha field in Hurghada. Egypt, Qatar discuss plans to lay pipeline for natural gas exports
President Hosny Mubarak has recently agreed with Qatari Emir Sheikh Hamad bin Khalifa to build a joint pipeline through which Qatar might export natural gas to Egypt, said Trade Minister Rachid Mohamed Rachid. Egyptians deny new deal to sell natural gas to Israel
Despite Israeli media reports to the contrary, officials at East Mediterranean Gas (EMG) in Egypt have denied that negotiations are under way to sell additional quantities of natural gas to the Zionist state. The reports came on the eve of a visit of an Egyptian delegation to Israel. 
