News / Egypt

New gas discovery in North Damietta

BP Egypt announced on Saturday a significant gas discovery in Salamat well which is the first well in the North Damietta Offshore Concession granted in February 2010 and operated by BP.

TransGlobe Announces North Dabaa New Oil Discovery

TransGlobe Energy Corporation is pleased to announce a successful Jurassic gas-condensate test in the Western Desert at North Dabaa 1X.

Egypt says preparing timetable for energy debts

Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies to encourage them to continue investing in the country, the Petroleum Ministry said on Sunday.

Apache to Receive $3.1 Billion in Exchange For 33 Percent Interest in Apache Egypt

Apache Corporationand Sinopec International Petroleum Exploration and Production Corporation announced they have launched a global strategic partnership to pursue joint upstream oil and gas projects.

Dana Gas Egypt Production reaches 200 million scfd

Dana Gas, the Middle East's leading regional private sector natural gas Company, announces that it has achieved gas production level in Egypt of 200 million standard cubic feet per day, the highest level for the company in the country in 2 years.

Kuwait Energy finds more Egyptian oil

Kuwait Energy has found more oil and gas in a new zone at its El Salmiya-2 well on the Abu Sennan concession in Egypt's Western Desert.

Mr. Tarek al-Molla is the new EGPC Chairman

Egypt has appointed Tarek al-Molla as chairman of state-run Egyptian General Petroleum Corp (EGPC), the Oil Ministry said, a move that is likely to encourage foreign oil companies operating there.

Dana Gas Continues Operations in Egypt

Dana Gas announced that they plan to continue operations as well as investment in Egypt, despite challenges.

BG flags Egypt concerns as profit slips

International gas and oil producer BG Group Plc flagged its concerns about the impact of instability in Egypt as it reported a 3 percent fall in second quarter net profit.

Egypt receives 6 fuel shipments from UAE

Egypt has received six shipments of fuel from the UAE as part of the Gulf state's promised aid following the ouster of Islamist president Mohamed Morsi.

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