News / Egypt
Gazprom Makes 5-Year Commitment to Supply Egypt with LNG
Russia's portfolio seller Gazprom has signed a contract with EGAS for the supply of 35 cargoes of LNG, Egypt's Ministry of Petroleum
Islamic Development Bank to Provide Funding for EGPC Imports
Egypt's EGPC recently announced in a press release that the framework agreement with the Islamic Development Bank (IDB) to finance Egypt’s petrol, diesel and butane needs will help ease the financial bottlenecks faced by EGPC in finding the hard currency needed for imports, as well as increasing the quantities imported.
Egypt’s Petroleum Minister Sherif Ismail Speaks About Planned New Regulatory Agency
The total bill for fuel subsidies during the first half of the current fiscal year (July to December 2014) was EGP 7.44 billion pounds, said Minister of Petroleum and Mineral Resource Sherif Ismail in an interview with El-Mal newspaper.
Egypt Signs $23.5 Billion Oil, Gas and Mining Agreements at EEDC
Several agreements were signed in oil, gas and mining sectors were signed at the recent Economic Summit, under the supervision of Minister of Petroleum Sherif Ismail, according to Summit-organiser Hill+Knowlton.
Update: 100% of West Nile Delta Gas to Go to National Grid, says BP
The West Nile Delta (WND) agreement, signed in March 2015, enables BP and its partner to develop five trillion cubic feet of gas resources and 55 million barrels of condensate in the North Alexandria and West Mediterranean Deep Water areas.
Dutch Shell to Start Seismic Surveys in Newest Concession Block in Egypt
Dutch Shell is preparing oil and gas exploration work in Egypt as part of its first seismic surveys in its newest concession area in the Abyad region, North Matrouh.
UAE Based Dana Gas Promised Full Repayment by Egyptian Government by 2016
Dana Gas, an energy firm based in the United Arab Emirates, could recover all of its outstanding arrears from the Egyptian government by next year, its Group Chief Executive Patrick Allman-Ward said.
Egypt’s EGPC to Invest for First Time Outside Country in Iraq/Kuwait Deal
Egypt's state oil company signed an agreement to join Kuwait Energy in developing an oil field in southern Iraq, the company's first foray into upstream work outside of Egypt, the Egyptian oil minister said on Sunday.
