News / Egypt
Worst-case scenario: $7 a gallon for gas?
Some experts expect that the unrest in the Middle East could lead prices into the crisis zone. Opinions are mixed on the issue, because even as the price of oil continues to drop, the price at the pump continues to rise, a paradoxical paradigm caused by the chaos in Egypt and other countries in that region. TransGlobe ups reserves
Canadian oil and gas company TransGlobe Energy Corporation said its proved reserves at the end of last year rose 6%, helped by exploration and appraisal drilling at its leases in West Gharib, Egypt. Petrol price reaches two-year high
The Automobile Association says petrol companies are unjustified in claiming Egypt's political turmoil is a factor in price rises. El-Sharkawi: it is time for future investments
''There is no change in the volume of Dana Gas investments in Egypt, and nothing will be changed or modified,'' Dr. Hany El-Sharkawi, Dana Gas Country Director told Egypt Oil & Gas Newspaper. Sameh Fahmy out of the new cabinet
Dr. Yeheya El-Gamal, the newly appointed Vice Prime Minister in the interim government led by Prime Minister Ahmed Shafiq announced yesterday that ministerial changes will be announced soon, including the dismissal of Eng. Sameh Fahmy, the Minister of Petroleum. NORPETCO awaits its new rig
North Bahariya Petroleum Co. (NORPETCO) is awaiting the arrival of the new rig by the end of this month to start the drilling operations of the current fiscal year of 2010-2011. UAE’s Dana Gas shares up as Egypt fears settle down
Dana Gas closed higher after regional political developments in Egypt and Iraq appear to be settling down, analysts said. The UAE gas explorer and producer rose 2.9% at the close of play on the Abu Dhabi Securities Exchange, adding to its 3% gain made the previous day. Operations persist in Burg El Arab
The East West Petroleum has been informed by its partner Kuwait Energy, the operator of the Burg El Arab (BEA) concession, that the operations remain unaffected by the recent events in Egypt. Kuwait Energy, as operator, continues to monitor the situation closely. 
