Egypt's fuel subsidies are expected to reach 114 billion Egyptian pounds ($18.9 billion) in 2012 compared with 100 billion pounds in the previous year, Al Mal reported, cited Hani Dahi, chairman of Egyptian General Petroleum Corp.
The Jordanian Minister of Transport Alya Bitayana has demanded that Egypt ensures the safety of a pipeline delivering Egypt gas to Jordan, television channel, Al Arabiya said on Monday.
TransGlobe Energy Corporation today announces the closing of the West Bakr acquisition in Egypt from The Egyptian Petroleum Development Co. Ltd. (of Japan) that was completed on December 29, 2011.
Egypt's Ministry of Petroleum has confirmed that a natural gas reserve recently discovered off the coast of Cyprus, does not fall within Egyptian territorial waters or its exclusive economic zone.
Prime Minister Dr. Kamal El Ganzoury meets on 24/12/2011 with Arab Ministers of Energy and Petroleum participants in the activities of the 85th meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries "OPEC", headed by the Minister of the UAE's oil the current chairman of the Ministerial Council Information Service
Khartoum has made a formal request to Egypt to supply Sudan with natural gas, affirming that Cairo pledged to study the request and respond accordingly, according to Minister of Electricity and Dams, Osama Abdullah.
Egypt's North Sinai gas pipeline, which transports gas to Israel and Jordan, was attacked for the 10th time this year, Egyptian Natural Gas Co. Chairman Magdi Tawfik said.
Oil and gas firm Melrose Resources is to spend $83m (£53.4m) next year in exploration and development work while continuing to reduce its debt levels.