News / Egypt
Petrojet: first project in Emirates
Eng Sameh Fahmy, the Minister of Petroleum, announced that the ministry is doing its best to give the support to the Egyptian companies in conduct projects outside Egypt. Sea Dragon Pays for 50% Working Interest in Kom Ombo Concession
Sea Dragon Energy Inc. announced that it has now paid Dana Gas Egypt Ltd. the sum of US$28.48 million for its purchase of a fifty (50%) percent participating interest in the Kom Ombo (Block-2) Concession, located approximately 1,000 km south of Cairo on the West Bank of the Nile River (the "Kom Ombo Concession"). North Sinai to drill 6 new wells
North Sinai Co. For Petroleum said that it's preparing to implement the second phase of the new drilling plan in the middle of this year and to finalize it by the end of 2016. Rashid: Four year of drilling activities
"We are preparing to implement our drilling plan in the deep water in the Mediterranean," said Eng. Taher Abdu Al Rihim, Operation Manager in Rashid Petroleum Company (Rashpetco). Kuwait Energy discovers seventh oilfield in Egypt
The Kuwait Energy Company announced a new discovery in Ras Qattarah block in the Egyptian Western desert. The find is considered the seventh for the company. Egypt to build $2 billion oil refinery
Egypt announced that it's planning to build an oil refinery with Chinese investment estimated by $2 billion to supply the domestic market as well as export to China, according to the Egyptian Ministry of Petroleum's release to state news agency Mena. INA to drill two wells in Western Desert
INA - Industrija nafte, the national oil company of Croatia, is preparing to drill two new wells in its acquisition area in Western Desert. The drilling will be 5000 meters depth after the company updated its geological research and reached new data that will help in operations. EDC to buy a new rig
The Egyptian Drilling Company (EDC) bought a brand new offshore rig, which is one of the latest offshore rigs in the drilling market. EDC said it will use this rig to begin working and developing in Qatar early next month. 
