News / Egypt
Circle Oil says Egyptian well oil bearing
Oil and gas explorer Circle Oil Plc said its Egyptian well Al Ola-1X was oil bearing with no sign of oil-water contact (OWC). Egypt protects water stations from Nile oil spill
Authorities have blocked off water purification stations along the Nile in southern Egypt to prevent some 100 tons of diesel oil that leaked from a barge from polluting drinking water, officials said. Egypt FDI slips 16 pct as oil investment dips
Foreign direct investment in Egypt fell 16 percent for the fiscal year 2009/10, pulled lower by slowing inflows to the oil and gas sector, the Investment Ministry said. Egypt, China eye joint oil services firm
Egypt is studying setting up a company with China Petroleum & Chemical Corp (Sinopec) to provide oil services in Egypt, the Middle East and Africa, Egypt's state news agency cited its oil minister as saying. Egypt supporting oil, gas exploration to lure foreign investments
Egypt Petroleum Minister Sameh Fahmy highlighted the importance of supporting oil and gas exploration works. Fahmy went on to say that it is necessary to lure foreign investments to maximize opportunities in a dynamic energy market. Egypt: New Oil Pipelines Company to be set up
A new oil pipelines company will be set up to confront challenges of the private sector importation of oil products and the needs of development plans , Minister of Petroleum Sameh Fahmy said. EGAS denies price reduction on gas exports to Israel
The state-run Egyptian National Gas Holding Company (EGAS) confirmed that prices for Egyptian natural gas exports to Israel were both "in accordance with global price levels" and "economically feasible," denying reports of recent price reductions. Importing solar energy and exporting uranium
What is remarkable in the figures and statistics on global trade, and the breakdown of the goods traded present in the reports of the OECD, is that the most important imports of major industrialized countries are oil and hydrocarbons, while their most important exports are nuclear power plants. 
