News / Egypt

Univar entity in Egypt fully operational

Univar, a leading global chemical distributor, announced today that Univar Egypt LLC, based in Cairo, Egypt is now fully operational. The new entity includes office and warehouse space and will be headed by Ahmed Fakhr El-Deen.

NOSPCO expects more from its Mediterranean field

North Sinai Petroleum Company (NOSPCO) concluded its installation operations and geological studies, according to the company's schedule for the month of July 2010.

NORPETCO ready for 2nd water injection phase

North Bahariya Petroleum Company (NORPETCO) is preparing for the second stage of the Water Injection project in the Bahariya layer, to convert two producing fields to work on the Water Injection operation.

NOSPCO to hit new layers

North Sinai Co. For Petroleum - Nospco is preparing to open new layers in the producing fields in the company's acquisition areas.

Sea Dragon Boosts Production in Egypt

Sea Dragon provided updates on its operations in Egypt about Kom Ombo and NW Gemsa Concessions.

Melrose has open mind on takeover

The chief executive of Melrose Resources has said its majority shareholder would be open minded about a bid for the firm, and noted that assets in places like Egypt, where the company operates, are in demand.

Solar plans lit up by $5bn fund

Countries in the MENA region with little or no oil and gas deposits are endowed with abundant sunlight and sparsely occupied land - resources that could make the region a renewable energy powerhouse.

Inside BP’s $7 billion deal with Apache

Some oil companies grow through the drillbit, risking it all on wildcat wells. Not so Apache Corp., which has instead chosen to grow via the pocketbook, for decades grabbing and rehabbing Big Oil's castoffs. Apache's $7 billion purchase of oil and gas fields from BP in July is the biggest the company has ever pulled off. The key to getting first shot at good deals? Make sure the sellers know you're a buyer.

Dana Gas 2Q Net Pft At AED33M,Eyes 4Q Egypt Asset Sale

UAE-based Dana Gas posted a net profit of 33 million dirhams ($8.98 million) in the second quarter, as its Egypt and Kurdistan operations delivered high output, but the results fell short of analysts estimates.

Egypt’s oil and gas reserves rise in 2009/10

Egypt's proven reserves of oil and gas rose to 18.3 billion barrels equivalent in the year to end-June, and the country expects to boost them to 20 billion over the next two years, said the state news agency.

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