News / Egypt

Seesawing Production Indicators by Qarun Petroleum

Production reports indicate that Qarun Petroleum Company's production rates of crude oil and natural gas have shown inconsistency during the period between October 2011 and March 2012.

NOSPCO Drills New Mediterranean Well

North Sinai Petroleum Company (NOSPCO) has drilled a new developmental well in the company's concession in the Mediterranean Sea. The well, labeled TAO-SW-F ST-2, is part of the company's 2011-2012 development plan.

North Zeit Bay success for Dana Petroleum and Zeitco

Dana Petroleum plc is pleased to announce it has just completed two successful exploration wells in North Zeit Bay: East Matr-1X and North Matr-1X.

Qatar Petroleum Set to Invest in Egypt’s Mostorod Refinery

Qatar is in ''serious talks'' about investing in Egypt's Mostorod oil refinery project, the head of Qatar Petroleum International said.

Khalda Drills New Developmental Well in Abu El-Gharadiq

Khalda Petroleum Company has concluded drilling of the new AG-85 developmental well in the company's lease located in Abu El Gharadiq South field, Abu Gharadiq Basin of the Western Desert.

Indian GSPC Drills $52 Million Dry Hole in the Mediterranean

Indian state-owned oil firm Gujarat State Petroleum Corporation (GSPC) has hit a dry hole in its Mediterranean Sea exploration lease after investing $52 million in the drilling operation. The operation came in the context of GSPC's 2011-2012 exploration plan.

Two New Western Desert Wells by Agiba

Agiba Petroleum Company has concluded the drilling of two new developmental wells in the company's Western Desert lease, the ARCADIA-6 well and the AGHAR 4-17. The operations come in accordance with the company's drilling plan for the 2011-2012 fiscal year.

GUPCO Production Figures Witness Narrow Fluctuations

Last March, the company completed the drilling of two new wells in adherence to GUPCO's development plan for the 2011-2012 fiscal year.

SUCO Drills Developmental Well in Eastern Desert

Suez Oil Company (SUCO) has concluded drilling ZB-24 ST-1, a new developmental well in the company's Zeit Bay Development lease in the Eastern Desert. The operation comes in the context of SUCO's development plan for the 2011-2012 fiscal year.

Egypt’s Citadel Capital narrows loss in 2011

Egyptian private equity firm Citadel Capital said on Thursday it had narrowed its net loss in 2011 after reducing the size of writedowns of underperforming assets.

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