News / Egypt
Expectations for promotions within the sector
Egypt Oil and Gas (EOG) knew that there will be another movement of promotions within the Egyptian Petroleum sector in the coming week. The movement will witness interchanges for figures inside the domestic petroleum sector as well as promotions for others. EGPC to cut down the value of the loan
Banks alliances, which submitted offers to win the Egyptian General Petroleum Corporation's bid for the $ 2 billion loan, said it will soon announce the winning coalition during this month, according to a source close to the banks. BG: more investments in Egypt
"Egypt's oil and gas sector is full of many promising investment opportunities, which is one of the most important factors for attracting international companies," said the Egyptian Minister of Petroleum, Eng. Sameh Fahmy. Halliburton eyeing Weatherford
The rumor is out there but yet with no confirmation! Halliburton may have reasons to be eyeing Weatherford International Inc. Maridive eyes more investments with Enpi and Total
Strong reports indicate that Maridive is searching for investment opportunities in the West African regions and targeting increasing its business volume in North Africa as it offered new marine unit for rent in Libya for the coming two years. Egypt: Union Fenosa might need to import
The Egyptian government told Union Fenosa, the Spanish-Italian company involved in the liquefaction of natural gas, to consider importing gas from abroad to meet the needs of the Damietta liquefaction unit located on the Egyptian Mediterranean coast, after the company suffered from a set back in its supplies from the gas national network during the first half of the fiscal year 2009/2010. An appeal agrees on exporting Egyptian gas to Israel with conditions
The Higher Administrative Court gave the Egyptian government legal clearance to allow natural gas exports to Israel yesterday, cancelling a lower court's previous verdict to stop exports. Egypt eyeing more British investments
Dominic Asquith, Britain's ambassador in Cairo, said that his country's investments in Egypt are estimated over than $20 billion, flowing into the Egyptian market through British companies operating in the energy sector such as BG and Shell. 
