News / Egypt
Azerbaijan, Egypt to discuss oil and gas cooperation
Azerbaijan and Egypt will discuss cooperation in the oil industry during Energy Minister Natig Aliyev's visit to Cairo on 14 to 18 December. Circle Oil sales increase due to new oil wells in Egypt
As eight new wells are explored in Egypt, the revenues of Circle Oil heads skywards. Kuwait Energy sells 20% of Burg El Arab concession in Egypt to East West Petroleum
Kuwait Energy Company, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced it has sold a 20% participation interest from its contractor's share in the Burg El Arab concession in Egypt to Calgary-based oil and gas company East West Petroleum Corporation. National Bank of Egypt and Tri-Ocean to enter Ghana
The National Bank of Egypt and Tri-Ocean Oil company enter Ghana as Egyptian companies try to strengthen their investments in the oil-rich African country "National bank of Egypt and Tri-Ocean Oil Company are the newcomers to the Ghanaian market," announced Vice Chairman of the General Authority for Investments and Free Trade zones (GAFI) Neveen El Shafei, during the opening of the Ghana-Egypt Trade and Investment Seminar. East West Petroleum to acquire an interest in a producing oil field in Egypt
East West Petroleum Corp. announced that the Company has entered into an agreement to acquire a 20% working interest in a producing oil field (approximately 500bo/d) in Egypt (the "Acquisition") from a private vendor. Europe Distillates-Diesel firms on demand, arb opens
Spot premiums on diesel cargoes and barges held steady at strong levels as tight supplies and demand from Egypt offset the opening of the arbitrage window from the United States, traders said. Oil minister: No increase in fuel prices
Egypt's oil minister dismisses any imminent rise in petroleum product prices and unveils arrangements for an upcoming gas production summit. Dana Petroleum Makes Discovery At Nefertiti
Dana Petroleum announced a successful exploration well at the Nefertiti prospect in the South October production sharing contract area (Dana 65% and operator, Inpex 35%), Gulf of Suez, Egypt. The highly deviated well was drilled from an onshore location to an offshore target between 12th July and 14th November 2010. 
