Reuters reported that Egypt looks set to extend 2 year moratorium on new gas export deals to meet surging domestic demand, a move that will disappoint some majors eyeing deals to develop reserves for overseas customers.
Egypt has recorded 61 % of the oil finds of the Organization of Arab Petroleum Exporting Countries (OAPEC) member states in the period from 2005 to 2009, Egyptian Minister of Petroleum Sameh Fahmi said Saturday.
Egypt will allow new factories to import gas and coal starting from 2015, a minister said on Tuesday, saying expansion in industrial projects should continue, even if local energy supplies did not meet domestic needs.
El Hamra Oil Company revealed its preparations to develop three new wells in its acquisition area in El Alamein. The company will be using the Electric Submersible Pump
Al Amir Petroleum Company (PetroAmir) is preparing to drill a new exploratory well, in the North West Gemsa Field, in its acquisition area of the Gulf of Suez.
El Waha Petroleum Co. (previously known as OWAPCO) is studying the implementation of water injection project in collaboration with Weatherford Company.
Abu Qir Petroleum Company is to set a bid round to rent a rig to execute the new drilling plan for the current fiscal year of 2010-2011 in Abu Qir field in its acquisition area at North Abu Qir.
Sureclean, the international industrial cleaning and waste management firm, has announced expansion into the North Africa and Middle East region with the launch of a new base in Egypt to serve the Egyptian oil & gas industry.
Sameh Fahmy, the Egyptian minister of petroleum, has signed three new agreements. EGPC teamed up with GANOPE to sign the contracts in the Western Desert area.