News / Egypt
Premier Oil Plc: Looking forward to Egypt results
The big news on the horizon at Premier Oil Plc will come out of Egypt.''We continue to look forward to results from the Cherry prospect in 20 to 30 days (4% upside, 0.5% downside),'' says the analyst team. Botched sabotage attempt on Egypt-Israel gas link
Unknown attackers attempted to blow up an Egyptian gas pipeline to Israel and Jordan on March 27, but the explosives failed to detonate, a security official said. Ampal: EMG accounts for 30% of Egypt’s gas revenue
EMG currently delivers two billion cubic meters of gas a year, indicating that its annual EBITDA is $100 million. Ghorab: Egypt in strong position to raise gas price to Israel
Egypt is in a strong position to raise gas price to all importers, Minister of Petroleum, Abdallah Ghorab stated in a press conference. TransGlobe Energy: production increases in Egypt
TransGlobe Energy Corporation announced production increases in Egypt in West Gharib concession (100% working interest, TransGlobe operated). East West Petroleum plans to treble production in Egypt
East West Petroleum provided a 2011 drilling and operations update for the Burg El Arab concession (BEA), located in the Western Desert of Egypt. EMG: Egypt should honor Israel natgas deal
East Mediterranean Gas (EMG), which supplies Egyptian natural gas to Israel and other Middle East countries, does not see any justification for amending the terms of its contract with the Egyptian government to negotiate a higher price, said an EMG stakeholder. Egyptian gas supply to Israel almost back to normal
Gas deliveries from Egypt to Israel have reached 90% of volumes prior to the cutoff on February 5 and will continue to ramp up this week, said Israeli energy industry sources. 
