News / Egypt
BP and the Ministry negotiate to raise the gas price
The Egyptian Petroleum Ministry entered intensive negotiations with BP to reach an agreement to amend the price of gas in the North Alexandria concession, for the second time in three years, in order to speed up the process of pumping up investments estimated by $8.5 billion to develop the field. Al-Amir SE-5 begins production at a rate of 1500 bopd
Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce that the Al-Amir SE-5 appraisal well has been successfully connected and has commenced production in the Al-Amir Development Lease in the onshore North West Gemsa Concession in Egypt. West Kalabsha I-1X produces 4,554 barrels of oil, 10.1 MMcf of gas per day
Apache Corporation announced the West Kalabsha I-1X discovery in the Faghur Basin of Egypt's Western desert. The well, located approximately 10 miles southwest of Apache's Phiops Field, test-flowed at a rate of 4,554 barrels of oil and 10.1 million cubic feet (MMcf) of natural gas per day from 105 feet of net pay in the Jurassic Safa formation. TransGlobe Reviews Egyptian E&P Activities
TransGlobe Energy Corporation announces operational update on successful Egyptian exploration and development programs GPC: to extend Amer and Bakr contracts
General Petroleum Company (GPC) decided to extend both contracts of "Amer" and "Bakr" oilfields, located in its acquisition area in Ras Gharib, one of the leading centers of petroleum production in Egypt, in the Red Sea. Earlier, GPC said it would offer both fields to foreign partners. AfDB Approves USD 225 Million Loan for Egypt’s Refining Company
The African Development Bank (AfDB) Group has approved a USD 200-million senior loan and a US$ 25-million Subordinated Convertible Loan to the Egyptian Refining Company (ERC). In addition, the Bank will if requested by the Borrower consider providing a B-loan of up to USD 80 million. South Dabaa: new gas station in Al Qattara Depression
Egypt Oil & Gas learned that South Dabaa Petroleum Company is on the verge of announcing the implantation of a new gas station in Al Qattara Depression, with an estimated cost by $35 million. Tharwa delays its entry of stock market
Tharwa's board of directors decided to postpone vending the company’s shares in the Egyptian stock market. 
