News / Egypt
RWE Sale of Egypt Gas Assets Said to Stall Amid Turmoil
A sale by RWE AG (RWE) of energy assets in Egypt is stalled as the country's turbulent political transition deters potential buyers from bidding for the German utility's offshore gas fields there, according to people familiar with the situation. Egypt gets $3.7 bln financing for refinery project
Investors in an Egyptian petroleum refinery project, led by Citadel Capital and Qatar Petroleum, have secured $3.7 billion in financing for the facility, the project operator said. First Oil Well 1,500 Meters Deep North of Damietta
The first experimental offshore well has been drilled as deep as 1,500 meters north of Damietta in the Mediterranean as research indicated oil and gas reserves in this area, according to a report Petroleum Minister Eng. Abdullah Ghorab received from Eng. Mohamed Shoaib, the Head of the Gas Holding Company on means to promote oil and gas finds. Agiba Drills Two New Wells
Agiba Petroleum has completed the drilling of two new Western Desert wells during the month of March. The endeavor came in the context of Agiba's development plan for 2011/2012 fiscal year. Apache Spuds Dry Hole in Sallum
American operator Apache Corporation drilled a new exploratory well last march, situated in the Western Desert. The operation comes in consistence with Apache's drilling plan for the 2011-2012 fiscal year. Egypt Oil Ministry Gets $100 Million to Buy Additional Fuel
Egypt's finance ministry said it had given the oil ministry an additional $100 million to buy petroleum products. Defense Ministry approves tender for gas exploration in Mediterranean
The Petroleum Ministry has obtained approval from the Defense Ministry for the Egyptian Natural Gas Holding Company (GASCO) to offer a tender for international companies to explore for gas in the Mediterranean Sea for the first time, in four areas near Egypt's eastern border with Israel. Petrobel Expands Well Portfolio
Belayim Petroleum Company (Petrobel) has concluded drilling operations for two new developmental wells, the 113-M-113 well and the EBLS-2 well in adherence to its drilling plan for the 2011-2012 fiscal year. 
