News / Egypt

PetroSA eyes joint venture with Egypt firm

South Africa's PetroSA is seeking a joint venture with an Egyptian company, its chairman said, as it wants to continue working in the country although its own oil exploration efforts in Egypt have not been successful.

Poland explores oil and gas sites in Africa

Poland's State Gas and Oil company (PGNiG) has announced that it is to invest 70 million dollars prospecting in northern Africa, next year.

Foster Wheeler Wins Project Management Consultancy Contract in Egypt

Foster Wheeler AG announced that Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded a project management consultancy (PMC) contract by Carbon Holdings for a petrochemical complex in Ain Sokhna, Egypt with a nameplate capacity to produce 1.35 million tons per annum of polyethylene.

Iraq eyes Arab pipe link

Iraq is considering linking up to a gas pipeline running from Egypt through other Arab states as a way to export its gas, Iraqi Prime Minister Nuri al-Maliki said today after meeting the Egyptian President Hosni Mubarak.

Egypt’s Citadel to consolidate after fast growth

Egyptian private equity firm Citadel Capital has begun consolidating its businesses after spurts of rapid growth, yet still plans an initial public offering (IPO) of one of its companies, its chairman said.

Iran exports first petrochemicals to Egypt

An Iranian official said on that Tehran has exported its petrochemicals to Egypt, a country with which it has still not restored diplomatic ties broken more than 30 years ago.

Circle Oil operational update in Egypt

Circle Oil Plc, the international oil and gas exploration, development and production company announced the following operational update on its activities in the NW Gemsa Development Lease, onshore Gulf of Suez, Egypt.

El Waha to drill a new well

El Waha Petroleum Co. (previously known as OWAPCO) successfully guaranteed EGPC approval to adopt the new financial budget to implement the development plan of the current fiscal year 2010-2011 in its acquisition in West Qarun. The total investment of the budget is $10million.

NORPETCO to measure its pressure

North Bahariya Petroleum Company (NORPETCO) is preparing to conduct pressure measurements for its wells, in order to monitor its tanks and producing wells.

SA sets sights on Egypt oil

South Africa is set to explore more opportunities in Africa's oil-rich countries, with government planning to use President Jacob Zuma's visit to Egypt later this month to discuss possible future oil deals.

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