News / Egypt
TransGlobe adds to West Gharib pile
Canada’s TransGlobe Energy has agreed to buy seven oilfields with 24 producing wells as well as eight development leases in the West Gharib Concession in Egypt for $59 million in cash, it said. Dana Gas makes historic oil discovery in Southern Egypt
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has made the first ever oil discovery in Southern Egypt from its El Baraka-1 exploration well drilled in Komombo Concession in Upper Egypt. Japanese, Korean firms to build diesel plant in Egypt
Japanese and South Korean firms have won a $1.8 billion contract to build a diesel oil refinery in Egypt to respond to rising car demand in the emerging economy, said the Japanese company. Reliance may invest $10 bn in Egyptian oil sector
Reliance Industries is thinking of investing about $10 billion in Egypt's oil, petrochemicals and plastics industries, a company spokesman has said. PetroJet wins International Tender to Execute Potash Project in Jordan
PetroJet has won the International Tender offered by the Jordanian Potash Company to execute its $85 million project, announced the Egyptian Ministry of Petroleum. Egyptian Ministry of Petroleum seals plastic and potash deals
The Ministry of Petroleum ended the week on a high note, approving new Indian investments in different petroleum domains and acquiring a Jordanian bid to produce potash. Transforming the Arab gas Pipeline to an Arab Gas Network and link it with the European one
Eng. Sameh Fahmi, Minister of Petroleum held talks with Eng. Sufian Al-Allaw, Syrian Minister of Petroleum and Mineral Resources, Dr. Khaled El Shereda, Jordanian Minister of Energy and Mineral Resources, Mohamed El Safadi, charge Lebanese Minister of Energy. Egyptian government to reduce energy subsidies
The Egyptian government will cut energy subsidies by gradually increasing the price of natural gas over the next three years, announced Minister of Trade Rachid Mahmoud Rachid in a press conference. 
