News / Egypt

Kuwait Energy Invests $400 Million in Egypt

Kuwait Energy is estimated to have pumped approximately $400 million of investments into the Egyptian petroleum sector, as the company increases exploration and production activities in the country.

Egypt Willing to Negotiate Israel Gas Deal With New Terms

Egypt is willing to negotiate a new agreement to supply natural gas to Israel under different prices and terms, the country's Planning and International Cooperation Minister Fayza Aboulnaga said.

Jordan says Egypt gas cuts cost Amman $2 bln

Energy-poor Jordan warned on Monday that cut-offs in unstable Egyptian gas supplies could cost the kingdom more than $2 billion this year.

Egypt cancels gas deal with Israel

Egyptian energy companies, citing a trade dispute, have terminated a deal to supply Israel with natural gas in a step that may further erode bilateral ties strained by a popular revolt that toppled Egypt's pro-Israeli leader last year.

EGPC delays naphtha shipments after fire at refinery

Egypt's Nasr Petroleum Company is in the midst of restarting its 146,300 barrels-per-day refinery in Suez after a fire last Saturday, an official source from the company said on Thursday.

Sipetrol Drills Wildcat in Sinai, Hits Dry Hole

The Chilean Sociedad Internacional Petrolera SA (Sipetrol) has completed the drilling of a new exploratory well in its Rommana exploration block located onshore the Sinai Peninsula as part of its 2011-2012 drilling plan.

Khalda Intensifies Western Desert Drilling

A significant increase in drilling activity has been undertaken by Khalda Petroleum over the previous two months, as the company completed the drilling of four exploratory wells, three developmental wells, and one water injection well in its Western Desert concession. The operations come in the context of Khalda's drilling plan for the 2011-2012 fiscal year.

First Oil from North Shadwan

Crude oil production from the NS377 field, located in the concession area of North Shadwan, commenced on the 13th of March 2012. Oil supermajor British Petroleum and the Australian company Beach Energy have announced that initial production from the well will be restricted to approximately 1,000 barrels of oil per day.

Bapetco Expands Western Desert Drilling

Badr El Din Petroleum Company (Bapetco) has concluded the drilling of two new developmental wells in its Western Desert concession area as part of its development plan for the 2011-2012 fiscal year.

Kuwait Energy makes new oil discovery in the Gulf of Suez area in Egypt

Kuwait Energy, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, operating Area A on behalf of the license holder Egyptian General Petroleum Corporation, announced a new exploration success with their West Ahmad-1X oil well, located in Area A in the Gulf of Suez, Egypt, adjacent to the Shukheir North West Field.

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