News / Egypt
Egypt-Scotland discuss means of mutual cooperation
Minister of Petroleum, Eng. Sameh Fahmy discussed with a delegation from the International Scottish Authority the possible means to initiate mutual cooperation between the two countries. Egypt to buy wind turbines from Spain
Spanish wind energy company Gamesa announced that it has signed a $365 million contract to supply Egypt with wind turbines. Turkey warns Lebanon, Egypt against oil exploration deal with Cyprus
Turkey warned Lebanon and Egypt not to activate their oil and gas exploration deals signed with Cyprus, claiming that Turkey and Turkish Cypriots also had rights in the region. BP boosts Egypt’s natural gas reserves
BP Egypt announced today that it has drilled a successful well, Giza North-1, in the North Alexandria concession held by BP, RWE Dea and EGPC/EGAS. The well encountered a significant gas accumulation as part of a large channel complex. India’s Prize Petroleum eyes Devon’s Egypt assets-source
Indian exploration company Prize Petroleum Co., a unit of state-run Hindustan Petroleum Corp., is in talks to buy Egyptian assets of US-based Devon Energy Corp. (DVN), reported the DNA newspaper. Apache announces Egyptian oil and gas discoveries
Apache Corporation announced the discovery of natural gas and condensate in its Alexandrite 1X well, from a recompletion in the Alam El-Bueib 6 (AEB 6) formation on Apache’s Matruh Concession in the Western Desert of Egypt. Egyptian Shura Council approves 9 oil and gas exploration agreements
The Shura Council’s Industrial and Energy Committee approved nine agreements to search for oil and natural gas in the areas of the Gulf of Suez and western and eastern desert. AMOC share price set at 95 LE
The Egyptian Ministry of Investment (MOI) has drawn back its original strategy to sell Alexandria Mineral Oils Company (AMOC) stake as it decided to set the price of a 50% stake in AMOC at LE95 per share for the 43 million shares offered, reported the Daily Star. 
