News / Egypt

Abu Qir deepen in the Mediterranean

Abu Qir Petroleum Company studies the possibility of drilling a new exploratory well in its acquisition area in the Mediterranean.

PetroAmir and SUCO to join forces

PetroAmir is preparing to cooperate with Suez Oil Company (SUCO) to implement a new project to extent the natural gas pipeline produced during the coming period. The procedure is a part of the company's new fiscal plan of the year 2010-2011.

NOSPCO awaits the new ministry decision

North Sinai Petroleum Company (NOSPCO) is awaiting the response from the new ministry, led by Eng. Mahmoud Latif, on the workers' demands to appoint the temporary petroleum labor.

Confusion prevails in the EGPC

Concerns have dominated the petroleum labor yesterday after spreading news that Eng. Abdallah Ghorab, the President of the Egyptian General Petroleum Corporation (EGPC) to move to his previous position at the Ministry.

Strategy of the new Egyptian Minister of Petroleum

Eng Mahmoud Latif, the new Egyptian Minister of Petroleum and Mineral Resources, declared a strategy for the coming period in which he stressed on the importance of stability in order to increase production rates, attract more investment to the petroleum sector and increase the national income.

Oil Refineries exposed to huge damage from Egyptian gas delay

Oil Refineries Ltd. is exposed to millions of dollars in damages due to delays in the delivery of Egyptian natural gas, which was supposed to begin on March 1. Egypt's East Mediterranean Gas Company (EMG), which had promised to resume deliveries by the end of the month, following an explosion on a pipeline in Sinai, will probably announce another delay.

Crude Oil rises on Egypt contagion concerns, Copper Hits Rec

Oil futures are up this morning on concerns that political unrest in Egypt could spread to other oil-producing countries in the Middle East and north Africa.

Egypt gas to Israel to resume by March 4 -Ampal

Egyptian gas supplies to East Mediterranean Gas and its clients in Israel are expected to resume by March 4, Ampal-American Israel Corp said on Sunday.

Socar Trading strives to keep oil processing deals with Egypt

Geneva-based Socar Trading S.A., a trade house founded by the State Oil Company of Azerbaijan, continues considering operations with Egypt attractive despite the recent political events in the latter.

Melrose unaffected by political turmoil in Egypt

MELROSE Resources said it has seen no disruption to its production and drilling in Egypt despite the political upheaval in the country.

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