News / Egypt
Perenco Increases Stake in ONS Concession
Perenco has completed the acquisition of a further 50% interest in the Offshore North Sinai Concession (ONS) in Egypt through the purchase of Burlington Resources Egypt Limited from ConocoPhillips. Four local banks finance $450 million for Port Said propylene plant
CAIRO: A consortium of four banks, headed by Commercial International Bank (CIB), has finalized a deal with the Egyptian Propylene and Polypropylene Company (EPPC) to finance $450 million (LE 2.6 billion) for the establishment of a new processing plant in Port Said. Fahmy discusses mutual cooperation with the World Society of Petroleum Engineers (SPE)
Eng. Sameh Fahmy, Egyptian Minister of Petroleum and Abdel Galil Al Khalifa, President of the World Society of Petroleum Engineers (SPE) for the Middle East region discussed mutual fields of cooperation between the Egyptian Petroleum society and SPE, particularly in the domain of exchanging expertise in the whole value chain of the oil and gas and petrochemicals. Egypt steps on the gas
Egypt expects its natural gas output to rise to 56 billion cubic meters in 2007, an 11% rise on 2006's production, the country's Minister of Petroleum Sameh Fahmy said today. Crosco provides drilling and workover services for Khalda Petroleum Company
CROSCO Integrated Drilling & Well Services Co., Ltd. is to provide drilling and workover services for Khalda Petroleum Company, a Joint Venture of Apache Corporation and the Egyptian General Petroleum Corporation ("EGPC"). TransGlobe plugs Egypt duster
Canada's TransGlobe Energy has plugged and abandoned its Set-1 exploration well in Egypt's Nuqra Block 1 after failing to find hydrocarbons. Enppi to train Venezuelan Workers in petroleum fields
Enppi Co. and Petroleas de Venezuela Sociedad Anonima (PDVSA) signed a $4 million contract to train a group of Venezuelan workers in different fields of petroleum. Kharafi Group takes on petrochemicals project in Egypt
An official source in Kuwait-based Kharafi Group in Cairo announced the group was scheduled to launch works to build its chemicals and petrochemicals complex in Fayoum within six months, wired Al-Qabas. 
