News / Egypt
Egypt’s Maridive 2011 net profit drops 32 percent
Egypt's Maridive and Oil Services, the biggest oil services company by fleet size in the Middle East, reported a 32 percent drop in net profit in 2011, when tough competition pushed industry prices lower, the firm said on Monday. Kuwait Energy makes new oil discovery in Abu Sennan concession in Western Desert, Egypt
Kuwait Energy plc and their main partner, the Egyptian General Petroleum Corporation (EGPC), today announced a new oil discovery, the El Salmiya-1 well, in the Abu Sennan concession located in the Western Desert in Egypt. Dana Petroleum and Zeitco confirm Egypt well success
Dana Petroleum plc is pleased to announce that Zeitco, its joint venture with the Egyptian General Petroleum Company (EGPC), has successfully completed its first well of 2012, A12Z on the East Zeit field. Drilling Alamein Yields Adverse Outcomes
Several recent drilling operations in the Alamein area have resulted in extremely minor output of hydrocarbon, which has prompted several problems among petroleum companies. EGPC Seeks to Buy 20 Cargos of Gasoil until Next June
Egyptian General Petroleum Corp., the nation's state-owned oil marketing company, is seeking to buy as many as five cargoes of gasoil a month from March to June, said two traders who participate in the market. Sea Dragon Revisits the Terms of NPC Acquisition Agreement
Sea Dragon Energy Inc. announces that it is revisiting the terms of its agreement with Golden Crescent Investments Ltd. for the acquisition of National Petroleum Company Egypt Limited and intends to withdraw its short form prospectus. Mena Hydrocarbons announces operations update for Lagia oil field development
MENA Hydrocarbons Inc. announced that the Petroservices 750 HP rig Shams 1 has completed customs inspection and arrived on site at MENA's 100% owned Lagia concession in Egypt. Egypt energy subsidies should be cut in 5-7 years: Industry federation
Egyptian industry should switch from fossil fuels to natural gas in order to increase its cost-effectiveness, the Federation of Egyptian Industries (FEI) recommended in its eighth board meeting. 
