News / Egypt

Egypt refining co secures $2.6 bln loan: Citadel

Egypt-based private equity firm Citadel Capital said on Monday a company in which it is an investor had secured $2.6 billion in financing for a refinery project in the Cairo area.

Beach Energy in Egypt drive

Australian-listed Beach Energy is stepping up its exploration work in Egypt, saying today it plans to spend up to US$33 million in the country's onshore play over the next two years.

Eni begins onshore oil production from Arcadia field in Egypt

Eni has started oil production from the new Arcadia field, in the Western Desert of Egypt, only 45 days after its discovery.

NORPETCO completed drilling Ferdaus 12

North Bahariya Petroleum Company (NORPETCO) finalized the drilling operation of "Ferdaus 12" well in the middle and bottom layers of Abu Roash sands, located in the company's acquisition area in Western Desert.

NORPETCO initiated working on Qarun’s agreement

North Bahariya Petroleum Company (NORPETCO) started on carrying out its agreement with Qarun petroleum company which necessitates working on the facilities of refining the crude oil by receiving and refining 2500 barrels of oil each day.

Apache to acquire BP assets in Egypt

Apache Corp has agreed to acquire all of BP's oil and gas operations, acreage and infrastructure in the Permian Basin of West Texas and New Mexico and Egypt's Western Desert.

OSUCO to drill a new well in North Shukair

Offshore Shukair Oil Company (OSUCO) is planning to drill a new development well in North Shukair field in the company's acquisition area in the Gulf of Suez, according to Moustafa Abdul Aziz, Assistant General Manager of Petroleum Engineering at the company.

Al Fanar expects more from North July concession

Al Fanar Petroleum is preparing to drill a new exploratory well, NGUP1 filed, in its acquisition area in North July concession during the current fiscal year of 2010-2011 after conducting the needed exploration studies.

BP, RWE amend two gas contracts

BP Plc and RWE AG changed the terms of two natural-gas production contracts in Egypt, ending a requirement that the government invest in developing offshore fields, the companies and Oil Ministry said.

Egypt and Saudi plan oil spill exercise

Egypt and Saudi state oil giant Aramco plan to launch an oil spill containment exercise in an Alexandria port in November, according to an Egyptian official.

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