News / Egypt
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. Kuwait Energy increases Shahd SE well production levels
Kuwait Energy plc with their main partner EGPC, announced a significant increase in production from the Shahd SE field located in the East Ras Qattara concession in the Western Desert in Egypt following the successful drilling of the appraisal well Shahd SE-5. US Apache Corp To Expand Egypt Investments By $1 Bln In 2013 -Kuna
U.S. oil and gas producer Apache Corp. (APA) has reached a deal with Egypt to expand its oil and gas investments in the North African country in 2013 by $1 billion, Egypt's Minister of Oil Abdullah Ghorab said, according to the Kuwait state news agency, or Kuna. Bapetco to Spud New Wells in the Western Desert
Badr Petroleum Company (Bapetco) has announced plans to drill two new wells, which are pat of the company's declared development plan for the fiscal year of 2011/2012. Kuwait Energy makes a new well discovery in the Western Desert in Egypt
Kuwait Energy plc, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced that it has made an oil well discovery in the Western Desert in Egypt. The new well is named Al Jahraa-1X and is located in the Abu Sennan exploration concession where Kuwait Energy is the operator and holds a 50% working interest. 
