News / Egypt
Towards a brighter future in natural gas production
Natural Gas distribution continues to occupy major importance in MENA region as it is considered one of the investment priorities of the country An aggressive $ 400 million investment for Edison Egypt in 2010
Interview with Mr. Maurizio Coratella, Edison Egypt General Manager on their 2010 investments in Egypt. Shell Egypt acquires 40% of The Alam El Shawish West Concession in the Western Desert area
Shell Egypt received ministerial approval to effect agreements signed with Vegas Oil & Gas and GDF SUEZ to acquire a 20% interest from each in the Alam El Shawish West Concession, in the Western Desert area. Sea Dragon announces the acquisition of a 50% Working Interest in the Kom Ombo Area Block-2, Egypt
Sea Dragon Energy Inc. announces that its wholly owned subsidiary, Sea Dragon Energy (Kom Ombo) Ltd. has signed a Farm-out Agreement with Dana Gas Egypt Ltd. BP spins bit again in North Shadwan
BP has started drilling the NS 377-5 development well at the North Shadwan concession off Egypt, the well is targeting oil in the Kareem formation. Premier Oil sees 2010 plan
UK oil explorer Premier Oil said it expects oil and gas production to be flat in 2010, compared to 2009, after a big achievement lifted 2009 output by 21 percent. Egypt’s EGPC seeks $ 2 bln loan
Egyptian General Petroleum Corporation (EGPC) is looking to secure a $2 billion; 58-month debt financing that will be used for export funding, bankers close to the deal reported. Fahmy denies any gas imports
The Egyptian Minister of Petroleum, Eng. Sameh Fahmy denied rumors around the government's intention to import gas from any country, pointing out that any investment proposals with effective cost to support the Egyptian national security will be issued by specialties in the petroleum sector. 
