News / Egypt
Dana Gas Increased Production By 8% from Previous Year
Dana Gas, the sixth largest gas producer in Egypt, announced on Sunday that its daily production reached 40,000 barrels of oil per day, an 8% increase compared to the previous year.
Egypt’s Natural Gas Production to Drop by 3.6% in 2017/2018
Egypt’s Petroleum Ministry expects the country’s natural gas production to drop by 3.6% to 4.85 bcf/day in FY 2017/18 from 5.03 bcf/day in FY2014/15, while demand is expected to rise by 24% from 5.98 bcf/day to 7.42 bcf/day over the same period, according to the newspaper Al-Borsa.
EGAS Owed EGP 53 Billion By Electricity Ministry
Egyptian Natural Gas Holding Company’s (EGAS) dues from the Ministry of Electricity have significantly increased to amount to roughly EGP 53 billion in exchange for the gas that electricity generation stations obtain.
Egypt Considers Cutting Fuel Subsidies by a Further EGP 20 Billion
Egypt is considering whether to reduce fuel subsidies by EGP 20 billion ($2.64 billion) next fiscal year, but it needs to study the social implications before reaching a decision, the investment minister said on Thursday.
ITG to Recycle Oil Sectors’ Electronic Waste
The International Technology Group (ITG) agreed in January with the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and representatives of 90 companies working in the oil and natural gas sectors to recycle their electronic waste in order to preserve the environment.
Total E&P Egypte Signs Nile Delta Exploration Deal
Egypt has signed a gas exploration contract with French energy company Total worth $20 million.
Egypt Buys 483,000 Tonnes Gasoil for February
EGPC bought up to 483,000 tonnes of gasoil for delivery in February.
Egypt: $2.2 Billion Tender Awarded to 4 Foreign LNG Firms
Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms,
